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.
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