In this event, ECoS decides that the coal mine will be allocated to the qualified bidder, declaring it as the preferred bidder.
Under the 11th round of the Coal Mines (Special Provisions) Act (CMSP Act), only one of the four coal mines bid for the second attempt of auction has been received, the Parliament was informed on Wednesday.
The technical bid for the Kurali (A) North mine in Odisha was received from Vedanta Limited and an Empowered Committee of Secretaries (ECOS) will take a final decision on it, with Coal and Mines Minister Prahlad Joshi submitting it to the Lok Sabha in a written reply.
“One of the four coal mines for the second attempt of auction under the 11th Trench of the CMSP Act and the first trench of the MMDR (Mines and Minerals Development and Regulation) Act, only one mine, named Kuraloi (A) North in Odisha. Mine. Bid from Messrs. Vedanta Ltd., “Mr. Joshi said.
The minister said that according to the provisions, if there is a technically qualified bidder, then the bidder will be the qualified bidder.
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“…. The initial proposal submitted by the technically qualified bidder will be treated as the final proposal submitted by the qualified bidder and the matter will be referred to the Committee of Secretaries (ECoS) for appropriate decision regarding coal allocation. , “He said.
In this event, ECoS decides that the coal mine will be allocated to the qualified bidder, declaring it as the preferred bidder.
“However, if the ECOS decides that the coal mine will not be allocated to a qualified bidder, the tender process for the coal mine will be canceled.”
Accordingly, the matter was referred to the ECoS and a meeting of the ECoS was held on March 4, 2021, Mr. Joshi said.
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