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News Brief | May 2013

Govt mulls SPV for developing coal blocks under PPP

According to a blueprint prepared by the finance ministry, a special purpose vehicle (SPV) would be created for developing coal blocks in the country on a public private participation (PPP) model. The government has identified 10 cluster blocks for development under PPP model and the SPV would be set up for each of these clusters. State-run Coal India (CIL) would be holding the majority share or 51 per cent in these SPVs.
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