the clause that landed emta its coalblocks…

As litigation amps up after the Supreme Court’s cancellation of all captive coal-block allocations, court documents are throwing light on one of the more puzzling aspects of the coal scam — the 74:26 MDO agreements… These JVs had several striking features. The MDOs held 74% in the JVs — which meant they controlled the mining operations. Two, the price charged by the MDOs was not on cost-plus basis — it was pegged to the prevailing Coal India price. This was odd because the public sector miner has underground and opencast mines, the former being more expensive to operate, and its price is an average of its cost of coal extraction from both kinds of mines. In contrast, the MDO blocks were all surface mines.

What is more, several such JVs were signed well before the blocks were even allotted. Take Karnataka Power Corporation Ltd (KPCL). It signed an MDO contract with Kolkata-based Eastern Minerals & Trading Agency (EMTA) on February 19, 2002. However, blocks were allotted to KPCL on November 10, 2003 — over a year and half later. This created a fresh puzzle. Given the competitive frenzy to get coal blocks, why were the state PSUs so sure they would land one that they signed mining contracts even before the blocks were alloted?

Answers to these questions lie in an affidavit KPCL filed in the Supreme Court.

with this story, we finally have answers to some of the most vexing questions re emta, a company we first wrote about in 2012. also, see this story on coal and ppps.

the reconfiguration of the nicobars

revisiting the overloaded archipelago

at the mayabunder jetty. (the photo sums up my life with almost literal exactness. a beautiful planet, anthropogenic activity, dead biodiversity – that is a dead sea krait at the bottom of the photo – and me watching biodiversity haemmorrage away)

for a while now, i have been trying to go on a cycle ride at the end of every year — have succeeded three out of four years. in 2014, biologist vidya athreya and i went to the andamans. and i came back and wrote this story about cycling up the islands.

The friend is a biologist curious to see what the forests in this archipelago are like — the Andaman & Nicobar Islands were connected to what is now Indonesia before rising sea levels cut them off. As such, not only are life forms on the isles closer in origin to Indonesian than Indian ones, their geographic isolation has resulted in the creation of several species unique to them. As for me, I am looking to get into shape. This is also my second trip to the islands — the first was a reporting assignment in 2004 just before the tsunami. The ride is a chance to see how the patterns I spotted then – water shortages, over-population, and decimation of the indigenous people – have unfolded since.

on the whole, not much has changed on how we manage the islands. see this 2004 story. also see this article, by biologist tr shankar raman, about travelling along the ATR.
ps: the link is to a pdf of the page. my colleagues at et — anirban, manoj, kamal, sunil and amrit — have consistently designed stunning pages for my full page stories. this is just the latest in a long chain. if you want the online version of the article, go here.

Ambiguous drafting continues to dog the NDA’s coalblock auction plans

an iffy clause in India’s new coal bill

the coal bill was passed by the lok sabha yesterday. it now goes to the rajya sabha. the auctions will start soon. and i am waiting to see how fair the auctions are. and whether oligarchs again manage to corner the damn blocks.

india’s coal boom and attendant air quality fears…

a closer look at the tsr subramanian committee report

scroll down and you will see another story on the report. on its proposal for better monitoring. see that too.

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