PANAJI: Goa’s tough strategy to extract coal in your Dongri Tal II coal cube seems to be staring in a discount since the Centre has to agree with Goa’s request for time to finish the formalities and also pay off the Rs 163.9 crore operation warranty.
It’s been over two weeks because Goa Industrial Development Corporation (GIDC) wrote to the Union ministry of coal requesting extra time.
Without a favourable response coming, the procedure to create a mine developer-cum-operator (MDO) is trapped in a limbo.
Even though the Dongri Tal-ll coal block has been allocated to GIDC at September 2019, important landmarks for its coal mine had been missed since the country government dragged its feet in accord with criteria laid down from the lava ministry, stated sources.
Even the Dongri-Tal II coal mine in Singrauli at Madhya Pradesh includes a 2.9 million tonnes per annum (MTPA) ability, however the nation’s efforts to exploit the coal mine was thwarted by”political tussles” and”amateurish decisions”, said a source.
GIDC issued the tender to create a MDO to its coal mine in March and using the Centre’s deadline concerning to lapse, searched an expansion on March 28.
“We’re lying because the Centre has to provide us an expansion.
There’s absolutely not any use going forward with the RFP when the expansion doesn’t come ,” stated a GIDC official.
GIDC did organise a pre-bid assembly with prospective coal mine programmers and also answered a few of the questions, but without a clarity regarding the coal cube itself, GIDC has determined to not go with the tender procedure.
The MDO is liable for extracting the coal that GIDC can then auction online.
The MDO must acquire requisite statutory clearances, approvals, permissions, consents and NoCs to run the coal mine.
Even the Dongri Tal –II coal cube was allotted from the Union ministry of coal for industrial mining on GIDC, also in accordance with the conditions of the allotment arrangement, which has been signed at October 2019, at least 25 percent of the coal hauled in a fiscal year needs to be marketed into the MSME businesses in Madhya Pradesh and equilibrium irrigation into other buyers throughout India.
The MDO might need to submit a performance guarantee of Rs 77.2 crore together with an extra performance assurance of Rs 163.9 crore that’s equal to the functionality safety that GIDC must apply to the Union ministry of coal.