JV likely for coal bed methane projects, may ink marketing pact with Coal India


JV likely for coal bed methane projects, may ink marketing pact with Coal India

Coal India and Gail have formed a committee of senior executives to work jointly on coal bed methane projects of Coal India on its blocks. They are considering a joint venture in which Coal India would be producing the gas while Gail would be marketing it through its network.

Coal India chairman AK Jha and Gail chairman B C Tripathi met in Kolkata on Wednesday to discuss the proposed projects, company executives said The proposed joint venture is 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.  Read More

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