Tata Power Company Ltd has informed BSE that the Company, along with its consortium partner Arrow Energy has been awarded the Satpura Coal Based Methane (CBM) block in Madhya Pradesh during the CBM IV bidding round as announced by the Press Information Bureau.
"Arrow Energy with 80 per cent stake will be the operator of the block. It plans to drill 15 core holes and 2 pilot wells in first two years under the Phase-I exploration and 21 pilot wells in Phase-II. Initial production is expected to start from 2014," Tata Power said in a press release to the stock exchanges.
