State

Odisha Govt plans to float New PSU for Coal Block Auction

Bhubaneswar, Jan 02: The Odisha government is planning to float a separate Public Sector Undertaking (PSU) to join the e-auction of coal blocks. However, no final decision is taken in this matter.

"There is a proposal to float a separate coal mining Public Sector Undertaking (PSU), a fully owned subsidiary of Odisha Mining Corporation (OMC). However, the final decision is yet to be taken," Energy Minister Pranab Prakash Das told IANS.

The government aims to get at least 12 coal blocks through the new PSU with a total reserve of 6,800 million tonnes located in the state. The new coal mining PSU may form joint ventures with various central government mining PSUs to develop the allocated coal blocks professionally.

The government is eyeing to bid for at least 12 coal blocks including Manoharpur and Dipside Manoharpur, New Patrapada, Machhakata, Mahanadi, Baitarani East, Baitarani West, Naini, Chhendipada I, Chhendipada II, Rampia and Dipside Rampia coal blocks.

The coal blocks allocations to the proposed PSU would give a boost in the energy sector. Earlier, Odisha was allocated 30 coal blocks during 1992 to 2010 for various state-owned PSUs and private companies.

However, the state witnessed a huge jolt after the Supreme Court cancelled the coal block allocations in the country following a mega scam came to light during UPA government.

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