March 4 (Reuters) - Essar Energy Plc said it has
received environmental clearance for a coal bed methane gas
field in Raniganj, India that will allow it to increase
production to 3 million standard cubic metres of gas per day
(scmd) from 60,000 scmd there.
The power plant operator and oil refiner said on Monday the
clearance from India's ministry of environment and forests will
allow it to drill 650 wells at its wholly owned-Raniganj block
in Damodar Valley coal field of West Bengal.
So far Essar has drilled 135 wells in Raniganj, of which 57
are in production.
Shares in the company closed at 136.4 pence on the London
Stock Exchange on Friday.