PANAJI
a'XYKno Capital Services Private Ltd has been selected as the consultants for developing and operating coal mines in the block allocated to Goa Industrial Development Corporation (GIDC) at the Dongri Tal II coal block in Chhattisgarh.
GIDC, the nodal agency from Goa, will next month (November) float the request for proposal (RFP) for an agency to develop and operate the coal block.
Chief Minister Pramod Sawant chaired a meeting of the government's steering committee for Public-Private-Partnership (PPP) projects where the advisory firm was shortlisted.
Once the government officially appoints a'XYKno Capital Services Ltd as the consultant, the firm will prepare a RFP in association with the GIDC to appoint a mine developer.
Two companies were in the race for the job of advising the State agency on coal extraction from the block allocated to it. It was a'XYkno which found favour with the govt steering committee.
The coal block allocated to Goa IDC is of about 1392 ha from which 2.9 MT coal can be extracted per annum.
The GIDC will have to pay around Rs 196 crore to kickstart the coal mining operations.
GIDC and the advisory firm has time till November 28 to finalise a mine developer.
