Great Eastern Energy Corporation to invest Rs 15,000 crore for shale gas core well exploration in Bengal
The firm plans to start shale gas exploration along with coal bed methane in Raniganj south block
Great Eastern Energy Corporation Limited (GEECL) plans to invest about Rs 15,000 crore for shale gas core well exploration after the Bengal government clears an amendment to the mineral lease agreement.
“We hope to get clearance from the state government before the end of this calendar year and will start the process of core well exploration early next year. The initial investment would be about Rs 15,000 crore,” Prashant Modi, managing director and CEO of Great Eastern, told The Telegraph.
Great Eastern Energy Corporation Limited (GEECL) plans to invest about Rs 15,000 crore for shale gas core well exploration after the Bengal government clears an amendment to the mineral lease agreement.
“We hope to get clearance from the state government before the end of this calendar year and will start the process of core well exploration early next year. The initial investment would be about Rs 15,000 crore,” Prashant Modi, managing director and CEO of Great Eastern, told The Telegraph.
GAIL (India) Limited partially commissioned the pipeline on February 6, 2021. Further work on laying the pipeline section in Calcutta is underway and is expected to be completed by August 2022.
“This will provide the company with the opportunity to expand its customer base,” Modi said.
