Page 5 - AsianOil Week 38 2021

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development costs. The project will be split into reported at the time to have participated in a
three stages – a two-year exploration phase, pre-bid meeting.
followed by a three-year pilot phase and then a The contract between CIL and Prabha Energy
30-year production window. was followed just days later by reports that the
CIL has appointed its wholly owned Central government had launched a special CBM bid
Mine Planning & Design Institute (CMPDI) as round for 15 licences.
principal implementing agency (PIA). Bids for the blocks – which are spread across
The miner held a tender for CBM production in Maharashtra, Madhya Pradesh, West Ben-
at Jharia Block-I in May 2020, with the company gal, Jharkhand, Odisha and Chhatisgarh states
noting at the time that it had invited both to local – must be submitted during January 20-Febru-
and international players to participate. Adani, ary 20, 2022, industry news outlet Argus media
Essar and Reliance Industries Ltd (RIL) were reported on September 23.™

NFE finalises deal on Sri Lankan LNG terminal

PROJECTS & US-BASED New Fortress Energy (NFE) has “This is a significant milestone for Sri Lan-
COMPANIES finalised a deal with the Sri Lankan government ka’s transition to cleaner fuels and more relia-
on building an offshore regasification plant in ble, affordable power,” NFE CEO Wes Edens
the South Asian country. commented. “We are pleased to partner with
NFE is set to acquire a 40% interest in a Sri Lanka by investing in modern energy infra-
local utility called West Coast Power, which structure that will support sustainable economic
owns a 310-MW power plant in the Sri Lankan development and environmental gains.”
capital of Colombo. The LNG plant will sup- The terminal is due online in 2023 and will
ply this station and an additional 700 MW of receive cargoes from NFE’s global LNG supply
capacity that will be added. NFE signed a deal portfolio. It will be NFE’s first terminal in Asia,
with the government to build a new 350-MW with the company’s other assets located mainly
plant in July. in the Americas.
Seeking both environmental and economic NFE has said before that permits and approv-
gains, Sri Lanka is looking to expand the role of als will be needed before construction on the ter-
gas in its economy, while shifting away from coal minal can begin. The new power station will run
and oil-based power generation. on turbines supplied by General Electric.™

Week 38 24•September•2021 www. NEWSBASE .com P5