India is struggling to find enough energy sources to meet up the growing energy demand coupled with economic growth. Indian government is now exploring alternative sources too. Indian government has received 54 bids to extract coal-bed methane (CBM) from various domestic and foreign energy companies. This is the highest amount of bids the government has ever received. 18 domestic companies and 8 foreign companies have submitted their bids to extract methane from ten areas. It shows CBM has a good prospect in India.
At present, many foreign companies are setting up their plants in India. In addition, Indian companies are targeting the global market. This rapid industrialization has made India an energy hungry country. As the price of oil continues remain high in the international market, CBM can be a good source of energy for India in future. In fact, India is going to start commercial production of CBM from 2007. Some states of India contains good reserve of coal.
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