Enhancing Energy Security and Employment in India Through Coal Mines
Introduction: The Ministry of Coal has made a significant strides towards advancing India’s energy security and economic growth by signing Coal Mine Development and Production Agreements (CMDPAs) with Marwatola-II and Namchik West. These agreements represent a crucial milestone in the country’s journey toward self-reliance in coal production, thereby contributing to both energy security and employment goals.
First Mine: Marwatola-II
- Details: The fully explored block of Marwatola-II is expected to generate Rs 21.37 crore annually.
- Job Creation: Approximately 45 direct jobs are created here, while indirect job opportunities further support local industries.
- Capital Investment: A capital outlay of Rs 6.87 crore will be required for the project.
Second Mine: Namchik West
- Details: The partially explored block of Namchik West is projected to generate Rs 14.29 crore annually.
- Job Creation: Around 33 direct jobs are created, and indirect job opportunities further contribute to regional development.
- Capital Investment: A capital outlay of Rs 5.67 crore will be required for the project.
Additional Mines: The Ministry has also acquired a total of 120 coal mines across 35 states, covering over 265 million tonnes PRC annually and generating approximately Rs 49.65 crore in revenue. These mines are part of the commercial coal mining framework aimed at enhancing energy independence.
Impact on Economy: These agreements not only boost local economies but also drive a leap toward self-reliance. By generating substantial revenue, they support inclusive growth while creating numerous job opportunities across India’s regions.
Conclusion: The actions taken by the Ministry of Coal underscore a clear commitment to energy security and economic development. With CMDPAs for 120 mines achieving over Rs 49 crore in annual revenue and creating nearly 35,000 jobs, these initiatives highlight the ministry’s dedication to ensuring India’s future is secure and prosperous through strong ties with coal production.