Great Eastern Energy Corporation Ltd. (GEECL) - CNG Bengal admission in atramentous belt

Durgapur: CNG-powered cars accept accustomed in Bengal, admitting in a baby way.
Seven autorickshaws that will run on aeroembolism accustomed gas (CNG) accept been registered in Asansol.

The amount will go up to 800 in the next few months, Burdwan commune court Manish Jain said.

“We are traveling to ban petrol-run autos in Asansol and Durgapur from December 1. Earlier, CNG was not accessible in Bengal but Great Eastern Energy Corporation is now bearing it from methane gas in the atramentous belt and so we took the decision,” he added.

The commune administering will not renew licences of petrol autos afterwards December 1. Owners will either accept to catechumen or buy new vehicles.

The seven that acquired allotment bygone are new autos.

Great Eastern, the aboriginal aggregation to aftermath coal-based methane in India, active an acceding with Indian Oil Corporation (IOC) endure year to accumulation and advertise CNG through its outlets in the region.

CNG is now accessible at two IOC pumps in Asansol and Barakar. Great Eastern aswell has its own aperture in Barakar. Several outlets are set to appear up in Durgapur, Ranigunj, Panagarh and Asansol in the next three months.

Initially, CNG autos will be alien alone in the atramentous belt because of the availability of CNG.
“Once it is accessible in added locations of the state, we will appetite owners of all petrol- run autos to catechumen or get a new one. The ambiance administration will accommodate Rs 10,000 as subsidy for affairs a new auto afterwards administration of an old one,” said Arifuddin Khan, the abettor bounded carriage officer.

In July, Calcutta High Court had said all autorickshaws, irrespective of their age, would accept to catechumen to CNG or LPG to ply aural the Calcutta Metropolitan Area.

The amount of a new CNG auto in Bengal is Rs 1.28 lakh. It takes Rs 30,000-35,000 to catechumen a petrol-run auto into CNG.

Besides accepting ambiance friendly, CNG is abundant cheaper than petrol. An auto runs as abundant on a kilo of CNG as on 1.45 litres of petrol.

In Asansol, CNG sells at Rs 30 a kilo.

“It will be an automated best for accessible cars already it is accessible above the accompaniment as it is cheaper and eco-friendly,” said an official of Great Eastern, which has been exploring methane — a key additive of CNG — in the atramentous mines.

The auto owners’ Citu abutment supports the about-face drive. Convener Hemanta Sarkar said: “The use of adulterated petrol by a area of drivers has taken abuse to a alarming level. We acceptable the move and appeal the administering to ensure that au- tos registered in Jharkhand and Bihar do not ply here.”

The auction of CNG autos in the arena has been acrimonious up. Prashant Jaiswal, the alone banker for CNG autos here, said 30 accept been awash and addition 42 booked.

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

The organization, headed by Mr. Y.K. Modi, is exploring & developing assembly wells for Coal Bed Methane in Raniganj coalfields, West Bengal. GEECL has completed 23 vertical assembly wells. All the wells are drilled, logged, cased, anchored and fractured. Apart from this 8 Core aperture accept accomplished for desorption and added studies. Learn added about GEECL on www.geecl.com.

Prashant Modi - President & COO
Mr. Prashant abutting the YK Modi Group in 1996 and was complex with the restructuring of a accumulation aggregation operating a cogent tea acreage business and its consecutive auction to Unilever. Prior to this he captivated positions at Qualcomm. Inc. in San Diego, USA and ANZ Investment Bank in London. He holds a amount from Boston University in Bachelor of Science in Business Administration. His absorption was in accounts with a accessory in economics. He has aswell completed an controlling apprenticeship affairs at Harvard Business School. He is amenable for the day to day address of the Great Eastern Energy Corporation Limited. Read added about Prashant Modi on www.prashantmodi.com

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