The government has approved the Mining Plan for the coal block that Anil Ambani Group firm Reliance Power plans to use for setting up 4,000 MW Ultra Mega Power Project at Sasan in Madhya Pradesh.
Mining Plan for Moher and Moher-Amlori Extension coal block relating to Sasan Power Ltd for Sasan Ultra Mega Power Projects was approved by the Ministry of Coal earlier this month, an official source said.
Sasan Power Ltd is a Special Purpose Vehicle (SPV) set up by Power Finance Corp for the Reliance Power's 4,000 MW Sasan Ultra Mega Power Project in Madhya Pradesh.
The coal from the Moher-Amlori coal block would be used to generate power for Sasan UMPP.
As per the conditions of the Plan, the mining company has been asked to take all precautions regarding safety of mine workers and the additional land to be acquired, which would not encroach any other coal block.
Reliance Power bagged 4,000 MW Sasan UMPP in July last year on re-invitation of bids, the company matched the tariff of Rs 1.20 per unit earlier quoted by the original winning bidder, a consortium of Singapore-based Globaleq and Lanco Infratech.
Following the cancellation of the project award to Lanco consortium, Sasan Power Ltd, had asked three other bidders RPL, NTPC and Jaiprakash Associates to submit fresh bids. While RPL submitted a revised bid, NTPC and Jaiprakash Associates did not change the prices.
Mining Plan for Moher and Moher-Amlori Extension coal block relating to Sasan Power Ltd for Sasan Ultra Mega Power Projects was approved by the Ministry of Coal earlier this month, an official source said.
Sasan Power Ltd is a Special Purpose Vehicle (SPV) set up by Power Finance Corp for the Reliance Power's 4,000 MW Sasan Ultra Mega Power Project in Madhya Pradesh.
The coal from the Moher-Amlori coal block would be used to generate power for Sasan UMPP.
As per the conditions of the Plan, the mining company has been asked to take all precautions regarding safety of mine workers and the additional land to be acquired, which would not encroach any other coal block.
Reliance Power bagged 4,000 MW Sasan UMPP in July last year on re-invitation of bids, the company matched the tariff of Rs 1.20 per unit earlier quoted by the original winning bidder, a consortium of Singapore-based Globaleq and Lanco Infratech.
Following the cancellation of the project award to Lanco consortium, Sasan Power Ltd, had asked three other bidders RPL, NTPC and Jaiprakash Associates to submit fresh bids. While RPL submitted a revised bid, NTPC and Jaiprakash Associates did not change the prices.
Source: India Economic Times
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