Coal-bed methane blocks: Anil secures 4, Mukesh 0

New Delhi, July 26 | Updated: Jul 27 2006, 05:30am hrs
Anil Ambanis Reliance Energy Ltd-led consortium has won four coal-bed methane blocks under the third round of offering by the government, according to the Directorate General of Hydrocarbons. The consortium had bid for all 10 blocks.

Mukesh Ambanis Reliance Industries, which bid for six blocks has drawn a blank. The DGH has sent the list of successful bidders to the petroleum ministry for vetting. The GAIL-Tata Power and Coalgas-Deep Industries consortia have bagged three and two CBM blocks, respectively.British Petroleum made its debut in the E&P business by winning a block in West Bengal.

Coal-bed methane is a source of natural gas. The 10 blocks, spread over six states, are estimated to have reserves of 586 billion cubic metres of gas, enough to fuel 8,000-10,000 mw of power generation.