GEECL to bid for city gas distribution:
"Great Eastern Energy Corporation (GEECL) plans to enter a city gas distribution network through Great Eastern Energy City Gas (GEECGL), its sister concern.
GEECGL will bid for the city gas network in the Asansol-Durgapur region in West Bengal. Bids have been invited by the Petroleum and Natural Gas Regulatory Board and last date of submission is 3 December 2010. If the company wins, GEECL will supply gas to them from its Raniganj CBM block.
GEECL has invested Rs 800 crore in the block and will invest another Rs 2,000 crore in drilling more wells and ramping up production. The block is currently producing 0.1 mmscmd and it is expected to reach three mmscmd by 2015."
GEECGL will bid for the city gas network in the Asansol-Durgapur region in West Bengal. Bids have been invited by the Petroleum and Natural Gas Regulatory Board and last date of submission is 3 December 2010. If the company wins, GEECL will supply gas to them from its Raniganj CBM block.
GEECL has invested Rs 800 crore in the block and will invest another Rs 2,000 crore in drilling more wells and ramping up production. The block is currently producing 0.1 mmscmd and it is expected to reach three mmscmd by 2015."
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