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| Great Eastern Energy |
GEECL was in June 2010 awarded the Mannargudi wedge located close to Tiruchirapalli in the fourth in circles of bidding in place of Coal Bed Methane (CBM) blocks.
"Under the Memorandum of Understanding, the Government of Tamil Nadu will provide in place of issuance of Petroleum Exploration Licence and facilitate basic environmental clearances in place of the project," a company statement thought.
Additionally, the state government will help the company in obtaining Right of Use in place of laying pipeline and other infrastructure facilities.
"GEECL will kind an opening investment of up to Rs 100 crore throughout the exploration stage of Mannargudi wedge," it thought. "Once the project possibility is established, the company is likely to kind considerable money to the pitch of Rs 3,500 crore depending on the advertisement possibility of the project."
Speaking on the occasion, GEECL Chairman and first in command YK Modi thought: "We are the basic company to commercially harvest CBM in India and Mannargudi wedge in Tamil Nadu comes to us with a fate of imply."
GEECL is at present producing CBM from its wedge in Raniganj, West Bengal, which spans an aggregate area of 210 genuine kilometer. GEECL has already invested on Rs 800 crore in the wedge and campaign to maintain generously proportioned money in the close to opportunity.
From its Raniganj wedge, the company is already supplying CBM to various engineering customers in and around Asansol/Durgapur, West Bengal and has besides been supplying CNG to vehicles through India Oil Corp petrol pumps and has campaign to start supplying CNG through Bharat Petroleum Corp Ltd outlets as well.
The Mannargudi wedge is allotment on an area of 691 sq km and the CBM resource is estimated by the side of 0.98 trillion cubic feet. GEECL campaign to drill 50 meat holes and 30 pilot wells in the region to arise with while advance drilling will depend on the results of the opening part.