Modani Coalgate: The curious case of Auctioning & Allocation 🏴
Timeline: 🗓️
Nov'2021: The Association of Power Producers - Writes to the Coal Ministry for opening up auctioning of two Coal Blocks Nestled in the densest Forests of India due to rumored coal shortage.
1. Singrauli, MP - Close to Adani Thermal Plant acquired in Mar'2022
2. Hasdeo Arand, CG - Adjacent to blocks being mined by Adani
▪️ Coal Ministry consults (CMPDI) & in a presentation CPMDI indicated that none of the 15 coal blocks can be opened up for mining since they are in areas covered by very dense forests. - Overruled *Pic attached
▪️ 7th Trench - Adani Sole Bidder - Turned Down
Coal Shortage Created:
▪️ Mara II Mahan block - 950 million tonnes - 50 Sq. Kms. - 90% under Forest Cover
▪️ Hasdeo Arand’s Pendrakhi block - Close to the Lemru Elephant Reserve
▪️ Mara II Mahan - Sole bidder Mahan Energen Limited – an Adani subsidiary
▪️ 2010, the government had classified the entire Singrauli Coalfields as a “no-go area”, meaning the area was too biodiverse and forest-rich to be mined.- INC Govt.
▪️ August 2023, the Adani Group received a green clearance to expand the power plant by adding 1600 MW capacity to the existing 1200 MW over an area of 920 acres
March 2023: Coal Mines Won (Min. bid price 4.5%)
▪️ North West of Madheri (5.5%) - won by MH Natural Resources, a wholly-owned subsidiary of Adani Enterprises
▪️ Purunga (5.5%) - Only other bidder Power Mech Projects Ltd which recieved order worth 6K crore from Adani group last year
▪️ Dahegaon Gowari (5.5%)- Ambuja Cements outbid Gangaramchak Mining Private Limited
▪️ Gondbahera Ujheni (7%) - Cavill Mining registered on April 24, 2022 in Ahmedabad (80% paid up capital Utkarsh Shah who owns 96% of Adicorp Shares Adicorp and Cavill are sister companies & were lent 622 Crore in 2019-20 by Adani Enterprise & Adani Ports, Adani Power lent 608.4 Crores)
This is a much bigger & complicated Coalgate, Powergate, Portgate, AirportGate, RedevelopmentGate, MineralGate, ExportGate, Logisticsgate etc etc which only time & keenness of Political Parties will uncover.
For the time bieng - Its Modani, Modani & Modani everywhere!!! 🤑🤑🤑
#Adani #CoalBlockAllocations #AdaniCoalgate #Modani #ModaniScam