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West Bengal to Pay JV Dues for Coal

Coal News - Published on Tue, 15 Oct 2019

Image Source: telegraphindia.com
The Telegraph reported that the West Bengal government has decided to shoulder the financial burden of Bengal Emta, a joint venture of the state and Emta that used to run four coal mines in Bengal and Jharkhand but is not operational any more, by clearing its dues to ensure regular supply of coal for five power plants. Sources said the finance department recently cleared the plan to shoulder the financial burden of the joint venture in which the state had a 26 per cent stake. A sources said “Though the company exists on paper now, it is not operational any more since the Supreme Court cancelled all mining leases in the country in 2012. As PDCL is in desperate need of coal and enjoys the mining rights in the four mines, the government has decided to shoulder the burden.”

The state-run company now owns the mines following a 2014 Supreme Court order but has not been able to extract coal because of resistance from land-losers, vendors and transporters over the dues of Bengal. When the leases of the mines operated by Bengal Emta were cancelled, it had not cleared the dues of vendors and transporters. Hundreds of land-losers had also not been paid compensation.

Source :

Posted By : Rabi Wangkhem on Tue, 15 Oct 2019
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