Coal India may get go-ahead to extract CBM from mines
Prashant Mukherjee, Subhash Narayan: New Delhi, Dec 12 2012, 01:34 IST
CBM from all leasehold areas which are yet to come under production. It can also extract gas from existing operational mines where deeper seams of coal exist beyond 300 metres.
Coal India had cash balance of Rs 58,202 crore in 2011-12.
The total sedimentary area for CBM exploration in India is of the order of 26,000 sq. km. Out of this, exploration has been initiated in only 52% of the area and large area remains to be explored. At present, the country’s total methane production stands at approximately 0.32 million standard cubic meters per day (mmscmd), potential to generate approximately 80 MW of power, it is expected to go up to 7.4 mmscmd by the year 2014.
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