Coal India in talks with Gail, IOC for CBM JVs


Coal India in talks with Gail, IOC for CBM JVs

Coal India is in talks with Gail India and IOC for joint ventures to develop coal bed methane fields and sell the produce. Coal India has already lined up investments to the tune of Rs 3,000 crore for its methane projects.

The joint ventures are also likely to enable Coal India inject coal bed methane into the proposed Urja Ganga gas pipeline that aims to meet energy requirements of 40 districts and 2,600 villages covering Uttar Pradesh, Bihar, Jharkhand, Odisha and West Bengal.

In June last year, the Cabinet Committee on Economic Affairs had waived the requirement for procuring separate licences from the ministry of petroleum and natural gas for taking up coal bed methane projects on its lease hold areas.  Read More

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