CHANDIGARH: As many as 13 companies including India Bulls, Dalmia Cement, Welspun Urja, Sterlite Industries have shown interest in forming a joint venture with Punjab State Electricity Board (PSEB) for development of coal blocks.
PSEB intends to form ajoint venture company with a successful bidder for identifying’ and maintaining the coal blocks in a bid to meet its annual requirement of 31.2 million metric tonne for running its thermal power plants.
“The joint venture company, in which PSEB will have 51 per cent stake, will study and identify suitable coal blocks, follow up with Ministry of Coal, Railways, Geological Survey of India, Ministry of Environment and Forests and acquire necessary mining license. Moreover, the company shall do the engineering, procurement, construction and operation and maintenance of Coal Blocks,” said a senior official of PSEB.
“Many a firm have showed interest in forming Joint Venture Company with PSEB, but the most suitable company based on merits shall only be selected,” revealed an official.