CIL signs pact of Rs 1,880 cr for commercial extraction of coal bed methane
State-owned CIL on Monday said that its arm Bharat Coking Coal has signed contract worth Rs 1,880 crore with Prabha Energy for commercial extraction of coal bed methane.
Coal bed methane (CBM) is an unconventional form of natural gas found in coal deposits or coal seams.
“Bharat Coking Coal Limited (BCCL) on Monday, signed a first of its kind revenue sharing contract worth tentatively Rs 1,880 crore for commercial extraction of coal bed methane with CBM developer Prabha Energy Private Limited, selected through a global bidding process,” Coal India (CIL) said in a statement.
CBM would be extracted from Jharia Block I under leasehold area of BCCL.
