Great Eastern Energy Corporation looking at investing $1 billion in Coal Bed Methane projects

Great Eastern Energy Corporation (GEECL), a fully-integrated Coal Bed Methane company listed at the London Stock Exchange has completed a decade of operations in India. Prashant Modi, Managing Director and Chief Executive Officer talks to Bilal Abdi and Sudheer Pal Singh on the company's 10-year journey and its over $1 billion investment plan in the CBM sector.QI. GEECL was the first in the country to get into commercial production of Coal Bed Methane (CBM). 2017 marks a decade of your operations in the CBM segment, how has the journey been? Our journey has been great; the start off the CBM policy has been good... and the government through its recent cabinet decision has made it better by reinstating investor confidence. Being the first in this business did lead to some challenges, but we have overcome all these challenges with a focused approach and proactive support from both the centre and state governments. The new HELP policy seems to be investor friendly; we are keen to participate in the coming set of auctions under open acreage licensing policy. Ho- ke a proper decision after we are through with the fine pullcy and what's on offer.