An Industry interaction session on Special Coal Bed Methane Bid Round – 2022 was held on 27th Feb 2023 at Hyderabad. The participation was from State Government departments like industries, Mineral Resources Department, State Power generation company and private sector mining players in Telangana. The session was Chaired by Shri. Gautam Sinha, Executive Director, Strategy & Planning, Directorate General of Hydrocarbons along with Shri. E Vishnu Vardhan Reddy, Special Secretary, Investment promotion & NRI affairs, Telangana. Industry players like ONGC, OIL India, SCCL, Vajra Granites, Megha Engineering, KIRI Group, NTPC, Raghava Group, Malaxmi Group, Srini Food Park, and many others were present in the interactive meet.
Audience were apprised that, the production of CBM gas in the country is currently about 2 Million Cubic Metres per day. Despite prolific Coal resources, Telangana has not yet been tapped for exploration and production of CBM which may be an important base for CBM industry, and further may be developed by bringing in CBM acreages. Under Special CBM Bid Round-2022, three offered CBM Blocks fall in Telangana covering an area of around 923 Sq. Km.
It was informed during the meet by DGH that the offering under SCBM-22 is designed in a way to boost the Investor’s confidence. The terms and conditions are highly investor friendly like no prior experience in Oil & Gas is mandatory, Operator is not to share any revenue with GOI till windfall gain, each Block falls within a single state for administrative ease, single License for Conventional & unconventional, full Marketing and Pricing Freedom for Gas produced, etc. It was also conveyed that Geoscientific Data for Blocks on offer is being showcased through National Data Repository’s (NDR) data rooms with interpretation facilities which would assist the potential bidders in making informed decisions.
Representatives of the Industries and State department conveyed the messages that Govt of Telangana in pursuant to ‘Investor Friendly Environment’ is focused to create and improve ease of doing business in the State. This is being facilitated by providing accelerated and time-bound grants of various licenses, permissions & approvals, promoting industrial development and facilitating new investments as well as by simplifying the regulatory framework by reducing procedural requirements and rationalizing documents. It was also emphasized that CBM is the need of the hour as a clean energy source to fuel the economy and support the vision of Atmanirbhar Bharat.