Bhubaneswar, Aug 10
Odisha Thermal Power Corporation Ltd (OTPCL), a Government of Odisha owned PSU, has been awarded the Tentuloi coal block with 1234 tonne reserves. The Union Coal ministry revealed this in a recent letter to the Odisha chief secretary.
The coal block has been allocated to OTPCL for its proposed end use 2400 MW power plant at Kamakhyanagar in Dhenkanal district.
The coal block has been allocated to the state PSU under Rule 4 of the Auction by competitive bidding of Coal Mines Rules-2012 wherein the Coal ministry had decided to allocate suitable blocks to state government companies or corporations and Central PSUs.
“Based on the application received and comments obtained from the Union power ministry, Central Electricity Authority (CEA) and other stakeholders, the government has decided to allocate 1234 million tonne of estimated geological reserves to your state government company. In accordance with Section 7 of the ‘Auction by competitive bidding of Coal Mines Rules-2012’, the Central government has to enter into an agreement with the allocate/end use plant of the identified government company”, the letter from the Coal ministry said.
The reserve price for the coal block is to be paid by the allocatee company as specified in the allocation letter or the agreement. The coal ministry has also asked the state government to provide information on the shareholding pattern of OTPCL.