AN inter-ministerial group (IMG) tasked with suggesting punitive measures for holders idling their captive coal blocks is learnt to have recommended cancellation of 30 mines, making it the single biggest de-allocation so far.
A big setback to 16,000 MW of existing and upcoming gas-based power projects that originally were to rely on Reliance Industries' KG-D6 gas
The Power Ministry has moved a note before the Cabinet Committee on Economic Affairs (CCEA) with a proposal for a Rs. 6,000-crore subsidy
The government provided relief to companies facing delays in the development of their captive coal mines by offering them additional supplies from Coal India over and above the quantity offered under the terms of ‘tapering fuel linkage'.
That the private sector bore the brunt of the tardy pace of environmental clearances may just be half the story. An examination of the list of projects awaiting the nod from the ministry of environment and forests shows that the public sector was also at the receiving end by an equal measure, accounting for close to 50% of the total core sector projects that were stuck for want of the requisite green clearances.
According to laws, the state government can clear hydro-powerprojects up to 2 Mw on its own, beyond which it will need the Centre's consent