for the Twelfth Five Year Plan, the details of which are:
Fig. in Rs.
| Scheme | XII Plan Investment Proposed |
|
|
|
| Total |
|
This information was given by , Minister of state for coal in a written reply in today. He said that CIL has proposed an ad-hoc provision of Rs. 35,000 for acquisition and development of coal assets abroad during the Plan period. Out of the aforesaid amountRs. 10,000 has been allotted for exploration and development of 2 allotted coal blocks and creation oflogistic infrastructure in Mozambique and the balance Rs.25,000 has been kept for acquisition and development of coal blocks in other countries like South Africa, Indonesia, Australia, USA, Columbia,etc. proposals from investment bankers, owners/ representatives for acquisition of coal assets abroad.
would depend upon the specific production potential of each of such coal block or mine. At this stage it will not be possible to estimate the quantity of additional annual coal arising out of investment of Rs 35,000 .
The decision regarding use of additional production envisaged and the companies to whom such coal will be sold would depend upon the type/quality of saleablecoalavailable from CIL & mines in Mozambique and other coal assets expected to be acquired in other countries.
****