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Our Bureau

Meet likely today

New Delhi , Sept. 20

The internal committee constituted by the empowered committee of secretaries (ECOS) on evaluation of bids for awarding 10 coal bed methane (CBM) blocks is understood to have submitted its report.

While officials in the Petroleum Ministry remained tight-lipped on the suggestions of the committee, indications are that the nodal Ministry would try to approach the Cabinet for the final approval for awarding the blocks. The Cabinet is scheduled to meet on Thursday.

The meeting of the ECOS, headed by the Cabinet Secretary, resumed on Wednesday following last Monday's meet, when a decision to set up a committee was taken.

The issue became controversial when Reliance Natural Resources Ltd (RNRL), which had bid for all the 10 blocks along with an international consortium, raised objections over the methodology of selecting the winners.

On August 31, the award of the blocks was taken up at the Cabinet Committee on Economic Affairs (CCEA), when it was decided to defer a decision and instead refer the issue to ECOS for further consideration on technical grounds.

The committee consists of the Secretaries of the Petroleum, Coal, Finance and Law Ministries.

Apart from the RNRL consortium, Arrow Energy-GAIL (India)-EIG Infrastructure Group-Tata Power is expected to get two blocks and Arrow Energy-GAIL-EIG may get one.

Related Stories:
Meeting on award of CBM remains inconclusive
Cabinet panel to decide on RNRL objections
Ambani brothers in race for CBM-III blocks

More Stories on : Petroleum

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