Over Rs 15,000 crore investment in West Bengal by Great Eastern Energy (GEECL) is being held up following non-amendment of mining lease by the state. UK-headquartered GEECL is planning to start shale gas exploration along with coal bed methane (CBM) it is doing in Raniganj.
Sources close to the development said that GEECL has applied to the state government for amendment of existing mining lease and to include shale gas exploration in the lease along with CBM. The Centre has allowed exploration of shale gas by CBM operators in 2018.
“The Centre has given deemed approval for shale for all CBM operators. But mining lease with state has to be changed accordingly,” added sources.
When contacted, a GEECL spokesperson said, “We have received the environment clearance to start our Shale exploration program, and we are looking forward to receiving the pending approval to amend our current mining lease in order for us to start the program.