Satyam, Mahalakshmi consortium wins bid for largest coal reserve in NE

06 Mar 2023 CW Team

Consortium of Satyam and Mahalakshmi Group won the auction of largest coal reserve of Northeast India at Nampuk Namchik in Arunachal Pradesh. The consortium stated in the recent auction of North East's largest coal mine located at Nampuk Namchik in Arunachal Pradesh, two major industrial groups of eastern India, Satyam Group and Mahalakshmi Group won the auction.

This has now paved the way for legal coal mining and transportation in Northeast India. Last year the auction of most of the coal mines across the country was completed and coal mining also started. But due to various technical reasons, the auction of the Nampuk Namchik coal mine could not take place. This coal mine was completed again this month and companies from all over the country were bidding.

The consortium stated that this time the auction rate of the mine here was kept 55 per cent above the base price. The consortium of these two groups won by bidding 65 per cent. “With the resumption of this coal mining worth hundreds of crores every year, the new development will take place in the Northeast. Not only will the industry get a boost in the Northeast, but the way for legal coal mining will open and the government will get huge revenue”. Illegal coal mining and its transportation has been a major problem in the Northeast.

The consortium stated, “But with the commencement of mining from the biggest coal mine of the Northeast, many avenues will open up. This will not only improve the economic condition of the North East, but also increase employment opportunities on a large scale and accelerate business activities”.

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..