Odisha assures full support from state machinery for Coal Bed Methane bidding

At investors’ meet here, Principal Secretary of Industries department Hemant Sharma explained the efforts and policies made by the State government for investment opportunities.

Published: 05th March 2022 07:53 AM  |   Last Updated: 05th March 2022 07:53 AM   |  A+A-

Senior IAS officer Hemant Sharma

Odisha Industry and MSME Secretary Hemant Sharma (Photo| Facebook)

By Express News Service

BHUBANESWAR: The Odisha government on Friday assured full support from State machinery to make the bidding for coal bed methane (CBM) blocks a success. Launched in September 2021, the Special CBM bid round, which was to be completed by February 20, has been extended for one month. Bid submission for the special round will end on March 15.

At investors’ meet here, Principal Secretary of Industries department Hemant Sharma explained the efforts and policies made by the State government for investment opportunities.“Single window system has been made for early clearances required for the CBM blocks. While an extensive network of gas pipelines, road and train connectivity have been developed for transportation of extracted gas, 100 per cent FDI has been allowed apart from full marketing and pricing freedom,” he said.

Odisha has proposed two blocks in Sundargarh, Sambalpur and Angul. Block 1 in Sundargarh is spread over an area of 191 sq km in IB Valley coalfield and Block 2 in Sambalpur and Angul is spread across 693 sq km area in Talcher coalfield. Additional Secretary and Financial Adviser of Ministry of Petroleum and Natural Gas G Srinivas acknowledged the essence of enhancing gas production to move towards a gas-based economy and the importance of CBM in the State.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp