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| Clean Coal Technologies (3) 30-Jun-08 11:56 | Tracked by (0) |
| | Posted by:  Paramjit_Battu on ( 30-Jun-08 11:56 ) | Rating  | | Price : BSE: Rs 500.00 ( -0.85 % ), NSE: Rs. 494.00 ( -2.34 % ) | Shiv-Vani is the only player making significant headway towards Clean-Coal Technologies/alternate-fuels, ie.CBM & UCG (underground coal gasification).
These are the only two sure-bets for India to combat rising prices of crude-oil, and can be brought into production quicker than other measures.
Shiv-Vani is the only end-to-end player for CBM extraction, and is actively conducting CBM projects for ONGC, and likely to get many more CBM projects in the near term.
Company has tied-up with Linc Energy of Australia for UCG on coal mines in India. Govt will finalize bids for 3 UCG projects today along with others under NELP-VII. LINK intends to do UCG and CTL on coal-mines which are otherwise inaccessible for surface or even underground mining.
Under CTL, coal is first converted to coal-gas then converted to ultra clean fuels (diesel, and aviation fuels etc.), cost of conversion from coal to these fuels is under $50 per barrel...far below present crude prices. Company has already sent request to Ministry of Petroleum for allotment of one coal-block for UCG project with its experienced-partner LINC Energy. While other contestants do not have such experienced alliances, Shiv-Vani is most likely to bag one of the 3 UCG blocks.
Shiv-Vani is undisputed leader in on-shore oil & gas exploration. Is also expecting to receive 5-10 additional rigs this FY09.
India is in dire need for oil & Gas, especially cheap & clean-oil. Govt. must show some wisdom to bring such projects to fruition without loosing any time !!
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