Goyal assures alternative coal block for Mahagenco

Image
Press Trust of India Mumbai
Last Updated : Nov 05 2014 | 9:12 PM IST
Union power minister Piyush Goyal has assured the Maharashtra government that an alternative coal block would be made available to the state-run Mahagenco in place of the one at Machhakata.
The allocation of Machhakata block was cancelled by the Supreme Court in September.
Goyal met Chief Minister Devendra Fadnavis late last night here, an official release said.
The Machhakata coal block, awarded to Mahaguj Collieries, was a joint venture between Mahagenco and Gujarat State Electricity Corporation.
Adani Group's flagship company Adani Enterprises had won rights to develop and operate this block.
"We will make available an alternative coal block to the state as per the new notification of the Centre," Goyal said.
He also asked the state to upgrade the port infrastructure to ensure coal from Coal India is made available easily and also asked the coal companies to supply sufficient coal to Mahagenco.
On September 24, the apex court had cancelled all but four of the 218 coal block allocated between 1993 and 2011.
Goyal also asked the state government to expedite setting up of solar projects along the Mumbai-Pune Expressway.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 05 2014 | 9:12 PM IST

Next Story