Coal India to Adopt Public-Private Model for Exploring CBM at its Mines

State owned Coal India may go for the public-private partnership (PPP) model and select operator to exploit coal bed methane for its mines, reports new agency Press Trust of India (PTI).

"Coal India is unlikely to invest in developing CBM — rather we will appoint an operator for the same on turnkey basis who will bring in resource and technology," sources close to the development told PTI. 

The company proposes to select the operator who will share maximum revenue with us, no matter if it is a private entity or public sector enterprise, adds PTI.

Earlier this month the government allowed Coal India to explore and produce CBM in its existing mines. 

CIL had shortlisted five blocks in Jharkhand with estimated CBM reserves of about 1 Tcf for exploration in the first stage, the news agency reports. 

Sign-up for our free weekly newsletter update via email here