New Delhi: A top government official said respective states will get nearly Rs l lakh crore, including royalty, over the next 30 years from 16 coal blocks sold so far through the ongoing auction.
In addition, Coal Secretary Anil Swarup said, reverse auction for the power sector will result in benefits to the tune of Rs 37,050 crore to end-users by way of a cut in tariff. The government has put on block 19 mines in the first tranche of auction.
Swarup said, “The e-auction amount is Rs 83,662 crore. But these blocks will also entail an income to the states by why of royalty which comes to Rs 12,801 crore.” Madhya Pradesh will get Rs 39,900 crore, Chhattisgarh Rs 26,425 crore, Jharkhand Rs 14,498 crore, West Bengal Rs 13,210 crore, Maharashtra Rs 1,819 crore and Odisha Rs 607 crore, he said.
On benefits to power consumers, he said: “This is also a huge amount (Rs 37,050 crore). Because this is getting lost… most of the auctions have begun at zero…But what we are forgetting is that it comes from a ceiling price of a particular level and comes down to zero and this is the value that will get transferred to the tariffs.”
