Coal Ministry had last year deallocated coal mines of NTPC for not developing them within the stipulated time frame
Power Minister Jyotiraditya Scindia has asked Coal Minister Sriprakash Jaiswal to reconsider the decision on deallocation of four coal blocks, including three alloted to NTPC, saying investments in the blocks could otherwise get delayed.
I request your personal and timely intervention in issuing the formal withdrawal of deallocation letter at the earliest so that NTPC and DVC (Damodar Valley Corporation) are in position to meet the project related commitments," Scindia said in a letter to Jaiswal dated November 16.
The Coal Ministry had last year deallocated coal mines of NTPC for not developing them within the stipulated time frame.
"As you are aware, Ministry of Coal had deallocated Chatti-Bariatu, Kerandari and Chatti-Bariatu (S) coal blocks of NTPC and Saharpur-Jamarpani coal block of DVC... Subsequently, detailed progress reports were submitted by NTPC and DVC on the development of these blocks to Ministry of Coal.
"Ministry of Coal after considering the reports of NTPC and DVC decided to withdraw the deallocation in principle... However, formal orders have not been issued till date," the Minister said in his letter to Jaiswal.
Scindia said the issue was also discussed by Finance Minister P Chidambaram during his meeting with the CMDs of the PSUs in September while discussing the investment proposals of NTPC in coal blocks.
"It was also discussed in PMO (Prime Minister Office) on November 7, where representatives of both ministries (Coal and Power) and CMD, NTPC were present," the letter said.
Last month, Jaiswal had said that it was not possible to give back the deallocated mines to NTPC. "But we have definitely assured it (NTPC) that we will give coal blocks on a priority basis in the new process which we have started," he had said.
Chatti Bariatu, Chatti Bariatu (South), Kerandari and Saharpur-Jamarpani coal blocks are in Jharkhand.
Reserve Bank of India today said it there is no need to explain the monetary policy and it stands by monetary policy statement.
The deficit was 76% during the comparable period last fiscal