RSS feed for Genesis B-M:
GEECL Markets and Distributes Coal Bed Methane in India for the first time

India(prwindow)- October 10 2007 -CBM India’s future Energy source priced at RS 30 per Kg as CNG.
Kolkata, July 14, 2007: Great Eastern Energy Corporation (GEECL) a part of YKM Holdings Group and the pioneers in bringing in technology for exploration and development of Coal Bed Methane makes CBM available for commercial sale purpose for the first time in India at Asansol.
With the completion of the drilling of 23 vertical production wells by GEECL, Coal Bed Methane would be available in India for commercial sale purpose from 14th of July’07 priced at rupees 30 per Kg for CNG. Initially 90% of the CBM would be distributed among vehicles as CNG gas. GEECL is also setting up the first CBM station in SE Asia and the same will be located in India in the city of Asansol in West Bengal. Also, GEECL is the first company whose first field development plan has been approved.
Speaking on this occasion, Dr. Manmohan Singh, Prime Minister said, “I am pleased to learn that Great Eastern Energy Corporation limited is making the first sale of its gas at Asansol. It is note worthy that this will be the first Coal Bed Methane sale in India. The commercial exploitation of Coal bed Methane will certainly help in meeting India’s growing energy needs.”

Speaking on the occasion, Mr. Prashant Modi, President and Chief Operating Officer, GEECL said, “We are proud to be India’s first private sector company that has ventured into Coal Bed Methane exploration, production, marketing and distribution. With the nation requiring higher energy sources to sustain its development pace, we are confident that CBM will play an important role as one of the prime energy source for the future generations.”

Steel & Sponge iron plants, Ceramic industries, Alloy Steel plants, bakeries, glass & chemical industries shall immensely benefit from CBM Supplies in and around Asansol area. GEECL has already signed an MOU with IOCL for sales and distribution of CBM as Piped Natural Gas and CNG. CNG retail outlets are being set up from Durgapur to Barakar.

Mr Prashant Modi, Chairman and Chief Executive Officer, GEECL, further added, “Investment in coal and gas transportation infrastructure, including gas gathering, transportation and
distribution, are critical to move CBM from coal fields to local and more distant end use markets.”

Gas demand in India far exceeds supply and with the gap widening increasingly, there is an urgent need for more supply. India has the sixth largest coal reserves in the world and has massive quantities of CBM .The commercial prospects of CBM in India are very high viable alternative to LPG, diesel, and petrol. Hence CBM is clearly emerging as one of the viable and cleaner routes to energy security.

About GEECL:
Great Eastern Energy Corporation Ltd. (GEECL), a part of the YKM Holdings Group, is the first Private Sector Company in India to explore, develop, distribute and market Coal Bed Methane. In December 2005, GEECL became the first Indian Company to be listed on the London Stock Exchange's Alternative Investment Market (AIM). The notional market capitalisation of the Company as of July 13, 2007 was GBP 172 million / US$ 350 million.

The organization, headed by Mr. Y.K. Modi, is exploring & developing production wells for Coal Bed Methane in Raniganj coalfields, West Bengal. GEECL has completed 23 vertical production wells. All the wells are drilled, logged, cased, cemented and fractured. Apart from this 8 Core hole have drilled for desorption and other studies. Learn more about GEECL on

Prashant Modi - President & COO

Mr. Prashant joined the YK Modi Group in 1996 and was involved with the restructuring of a group company operating a significant tea estate business and its subsequent sale to Unilever. Prior to this he held positions at Qualcomm. Inc. in San Diego, USA and ANZ Investment Bank in London. He holds a degree from Boston University in Bachelor of Science in Business Administration. His concentration was in finance with a minor in economics. He has also completed an executive education program at Harvard Business School. He is responsible for the day to day affairs of the Great Eastern Energy Corporation Limited. Read more about Prashant Modi on


Add to SimpySimpy Add to Google BookmarksGoogle Add to your Technorati favoritesTechnorati Add to Add to Redditreddit Add to DiggDigg Add to FurlFurl It Add to SpurlSpurl Add to BlinklistBlink It Add to MyYahoo!MyYahoo Add to Newsvine.comNewsvine

RSS feed for Business Category: RSS feed for India :
Related Press Releases:
MCME Sydney Specialises in Raising Brand Awareness Through Storytelling2012-01-17
Edison Electric Inc's Electricians are available 24 hours a day2012-01-16
WESTKOM LLC Offers a Unique Opportunity for Tourists with Trip2Date2011-12-21
How To Make Money Online With Best Affiliate Program2009-03-16
Optical Fiber Identifier-An Essential Instrument for Installation and Maintenance2009-03-16
The rules of beauty are changing, according to nationwide agency Models Direct2009-03-13
The Bliss Factor is set to catapult high-earning coaches and business owners2009-03-11
Snuggie Blanket is one of Most wanted products today2009-03-11 is at its best selling top quality ghillie suits at the best prices2009-03-11
Some information of Physical Therapy Marketing Buisness Success2009-02-20

Dolly Tayal
Genesis B-M
+91 9899101140

Visit Our Site

Email us here

Search Archives
News by Industry
  • Advertising
  • Business
  • Economic
  • Entertainment
  • Home & Garden
  • Legal
  • Medical & Pharmaceuticals
  • Religion
  • Software
  • Sports
  • Technology
  • Trade Shows
  • More ...
  • News by Country
  • United States
  • China
  • India
  • United Kingdom
  • Australia
  • South Africa
  • Hong Kong
  • Bahrain
  • Russian Federation
  • Canada
  • Germany
  • American Samoa
  • More ...
  • About Press Releases disclaims that any right and responsibility for the information go to the user who submit the press release. If you have any questions, queries or comments regarding information in the press releases, please contact the company listed in the press release, We will be unable to assist you with your inquiry.
    Copyright© 2012 PRWindow. All rights reserved.