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  • Parl panel recommends review of all coal block allocations from 2004-09

    Published on April 23, 2013

    lsA parliament panel has recommended comprehensive review of all coal blocks allocated during 2004-2009. Standing Committee on Coal and Steel in its report tabled in Parliament today disagreed with the government’s contention that screening committee acted in a fair and transparent manner for allocation of coal blocks.

    The Chairman of the Committee Kalyan Banerjee said that failure on the part of coal block allocatees to start production within the stipulated time raises apprehension that the companies were considered without taking into account their techno-economic feasibility, fast track records in execution of projects and technical and financial capabilities. He said that it is obvious from sector-wise allocation that out of 81 blocks allocated to power sector, 27 were allocated to private companies. As per guidelines, captive blocks were supposed to start production within three years from the date of allocation for open cast mines and four years for underground mines.