The Union coal ministry on Monday mentioned a complete of 39 mines shall be placed on sale within the eighth spherical of business coal mines public sale, which shall be launched on Wednesday.
“A complete of 35 coal mines shall be provided within the upcoming spherical comprising 11 underneath the Coal Mines (Particular Provisions) Act, 2015 and 24 underneath the MMDR Act 1957… Moreover, 4 coal mines are being provided underneath the second try of spherical seven of business coal public sale,” the coal ministry mentioned in a press release.
The ministry mentioned that the launch of the eighth spherical of business coal mining auctions is a major step in the direction of selling non-public sector participation within the coal mining business and growing coal manufacturing.
“The Ministry of Coal is gearing up for the launch of the eighth spherical of auctions for business coal mines on November 15, 2023 marking additional vital leap within the Coal sector and taking a step ahead, in the direction of making India Atmanirbhar in coal,” the ministry mentioned.
Pralhad Joshi, the coal and mines minister would be the chief visitor on the launch of the following spherical of auctions, mentioned the assertion.
The coal ministry mentioned that the Centre’s progressive insurance policies have amounted in sooner allocation of mines to the non-public sector and the upcoming auctions is more likely to have participation of extra new gamers.
On Friday, the federal government mentioned that greater than 20 deserted mines have been recognized by state-owned Coal India Ltd (CIL) for analysis and feasibility examine for pump storage tasks.
State-owned NLCIL has additionally taken up a feasibility examine on pump storage tasks, the coal ministry had mentioned in a press release.
Pumped storage energy vegetation use gravity to generate electrical energy utilizing water that has beforehand been pumped from a reservoir within the pit into an higher reservoir.
During times of low demand, the water is pumped into the upper reservoir. When demand is excessive, the water is launched to drive a turbine in a powerhouse and feed electrical energy into the grid.
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Up to date: 13 Nov 2023, 09:00 PM IST
Supply: Live Mint