Panaji: The center has all but ends the blockage of the Dongri Tal-II coal block to the Goa Industrial Development Corporation (GIDC) after the state government failed to develop a coal mine and pay a guarantee of RS 163.95 CR performance.
The Coal Ministry of Uni has given the “end” deadline on September 30 to appoint developers and mining operators (MDO) and start coal extraction.
Although GIDC did float the request for the proposal for the mine, only one offer received for the coal mine, which has a 21-year-old life and GIDC value where at Rs 1,544 Crores.
The single offer was rejected because it failed to meet the necessary norms, officials said.
“We have until September 30 to get the bidder or pay the guarantee of Rs 163.95 Crore’s performance.
The problem has been prepared for a board meeting on Friday.
Now for the council and the government to decide,” said an official.
This will be the second time the ambitious Goa plan to mine and sell coal has reached a dead end.
Although the Dongri Tal-LL coal block was allocated to GIDC in September 2019, the main milestone for the coal mine missed when the state government dragged his feet to comply with the norms set by the Coal Ministry, said the source.
The Dongri-Tal II coal mine, in Singrauli in Madhya Pradesh, has a capacity of 2.9 million tons per year (MTPA), but the efforts of the state to exploit coal mines have been thwarted by “political struggles”.
Despite employing private consultants, the Goa government not only failed to meet deadlines to choose mining contractors for coal blocks in Madhya Pradesh; GIDC has not looked for a further extension of the Coal Ministry, which usually takes a month to give.
GIDC issued a tender to appoint MDO for coal mines in March, with a deadline of the center of the hose.
GIDC does set a pre-supply meeting with the potential of coal mining developers, where 10 interested companies participate.
Dongri Tal -II Batubara Blocks have been allocated by the Union of the Coal Ministry for commercial mining to GIDC, and in accordance with the provisions of the allotment agreement, signed in October 2019, at least 25% of coal extracted in finance.
Years must be sold to the MSME sector in Madhya Pradesh and balanced to other buyers throughout India.
MDO must submit a guarantee of the performance of Rs 77.2 Crore, along with an additional performance guarantee of Rs 163.9 Crore, which is equivalent to the security of performance that must be placed by GIDC to the Ministry of Coal States.