The central government of India has invited state-owned power utilities to take part in a coal block allotment process, that is expected to be held in August 2016.
The government will allot eight blocks for commercial use to state utilities within the state of the block, while the other eight blocks will be allotted to state utilities other than those in the host state.
The Coal Mines Special Provision Act 2015 paves the way for opening up of commercial coal mining to private and public companies. It ended the monopoly of state-owned Coal India Ltd in commercial mining and allowed private companies to mine and sell coal. In March 2016, the Coal Mines Special Provisions Bill opened up commercial coal mining to Indian and foreign private companies. However, the government is currently waiting for the economic recovery before auctioning coal mines for captive and commercial use to private groups; the last round of auction failed to attract companies, so the next auction is not expected before two to three months.
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