CMPDIL CBM data bank by March

Image
Margaret WilliamsSohini Das Kolkata
Last Updated : Jan 25 2013 | 2:50 AM IST

The Central Mine Planning and Design Institute Limited (CMPDIL) is now working on finalising the data dossier for the fourth round of bidding for coal-bed methane (CBM) blocks with the help of inputs from its newly started CBM clearing house at Ranchi.

CMPDIL would submit the dossier to the Directorate General of Hydrocarbon (DGH) next month.

Around 10 new CBM blocks would be put up for sale in the fourth round of CBM bidding soon.

CMPDIL and Coal India Ltd (CIL) started a clearing house in Ranchi in November 2008 with assistance from the US Environmental Protection Agency (USEPA) to expedite CBM extraction in the region.

“We are not looking at any profit. Authentic information about CBM blocks is rare and it will be published exclusively by DGH, the nodal agency for CBM blocks allocation and implementing agency for CBM," said Arjun Kumar Singh, chairman and managing director of CMPDIL.

The data dossier prepared by CMPDIL on request by DGH would provide information to potential investors, both global and domestic, about estimated CBM resources through the DGH website.

The dossier was in final stage for launch by March on website prior to invitation for bids, Singh informed.

The institute could provide technical expertise to prospective bidders, but no one had approached CMPDIL so far.

The development of VCBM (virgin coal bed methane) started in India following formulation of a CBM policy by the Government of India in 1997. Till date, 26 CBM blocks had been allocated through global bids for commercial development for estimated CBM resource of 1.4 trillion cubic metre (TCM).

With third largest proven global coal reserves, and fourth largest global coal producer, India was well placed for commercial recovery of CBM with estimated CBM resources of around 4.6TCM

CMPDIL, with expertise in resource management, exploration and mining, had prepared data dossiers on all the 26 CBM blocks allocated through the previous three rounds of global bidding.

Companies like Reliance Industries, Essar Oil and Great Eastern Energy Corporation for blocks as well as government companies. Recently, GEECL, the first to get its CBM block back in 1997, started commercial production and sale of methane gas from its Shyamdih plant. Others were expected to follow within a few years.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 03 2009 | 12:51 AM IST

Next Story