New Delhi: The union coal ministry’s fresh attempt to auction sale four coal mines has failed due to lukewarm response from the bidders. Only one technical bid was received even though the union coal ministry had invited bids for four coal mines including Odisha’s Chendipada and Chendipada-II.
The ministry Thursday opened the technical bids for the four mines which includes Odisha’s Chendipada & Chendipada-II in Angul district. The other two mines are Kuraloi (A) North and Seregarha.
According to ministry sources only one bid has been received for Kuraloi (A) North coal mine. No bids have been received for the other coal mines, the sources added.
The last date for submission of technical bid was January 27, 2021.Technical Bids of bidders, comprising of online and offline bid documents, were opened on January 28, 2021, at ministry of coal in the presence of the representative of bidders.
The process for sale of the coal mines was launched by the Nominated Authority, Ministry of Coal on December 09, 2020. This was the second attempt of auction for these coal mines, for which the process was annulled in first attempt due to number of Technically Qualified Bidders being less than two.
The Nominated Authority had initiated the second attempt of auction with the same terms and conditions as in the first annulled attempt of auction but with the highest Initial Offer of Technically Qualified Bidder received in the first annulled attempt of auction as the Floor Price for the second attempt of auction.
The bids will be evaluated by a multi-disciplinary Technical Evaluation Committee and further actions shall be taken in accordance with provisions of Tender Document, under the auction process.