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achha koi coal block allocation ke bare me batao.. maine dusre thread me bhi likha but replies nai a rahe.. meri samsya ye hai..
Reverse bidding is done when the government has a stake in the price of the end product.. If in simple biding, prices of coal blocks go sky high, power would become costlier to the general junta.. Hence not a good situation.. Hence, 4 recent UMPPs got allocations based on reverse bidding, in which they bid for lowest power price.. kitini sasti bijli bechenge.. UMPPS had quoted something like Rs. 1.8 to Rs. 2.4 per unit of electricity.. In this case, the benefit of auction directly goes to the consumers..
But now the situation is different.. These are allocations for already in use blocks and for already running plants.. These plants have power purchasing agreements so they cannot change their price.. so reverse bidding cannot occur on the lowest electricity price.. So now they have changed it to lowest cost of mining the coal, keeping coal India's cost as ceiling.. Obviously, the private companies would exploit workers to achieve this.. They do not follow the government norms and employ lesser labour than required under labour laws and make them work for 12 hours a day..
What I am not getting it how is lowest cost getting transferred to the consumer in this case? This would only make power companies make windfall gains..
bhai thoda raat me charcha karte hain mast topic hai bahout dimension hai aaj toh aapne itni jaldi suru kar di )
i myself is not able to understand tht the coal secy is giving lectures on reverse bidding but the process of bidding is auction which is leading to much higher prices compared to the floor price fixed by govt ... if anyone can explain this locha !!!
@particle aapka question is different.. Reverse bidding is only for power sector.. Because end prices of electricity is an issue in India.. For others like steel and cement - forward bidding is done.. steel and cement me deficit nai hai.. in fact there is surplus.. hence even with higher prices for coal, companies would be forced to sell on competitive prices..
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aapka question is different.. Reverse bidding is only for power sector.. Because end prices of electricity is an issue in India.. For others like steel and cement - forward bidding is done.. steel and cement me deficit nai hai.. in fact there is surplus.. hence even with higher prices for coal, companies would be forced to sell on competitive prices..