Coal India (CIL) has initiated the process of development of coal bed methane (CBM) projects with an estimated investment of Rs 2,474 crore, and has invited domestic as well as global firms for exploration of the blocks in West Bengal and Jharkhand. The PSU will develop both projects on revenue sharing basis.
The company’s arm Bharat Coking Coal (BCCL) announces the offer of Jharia CBM Block-I for exploration, development and marketing of CBM through Coalbed Methane Developer (CBMD) (the contractor). Eastern Coalfields (ECL) has offered Raniganj CBM Block for exploration. Both the projects have an estimated CBM reserves of 27.42 billion cubic metre. CBM is a form of natural gas trapped in coal seams underground, which can be extracted by drilling into the seam.
Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.
