Great Eastern Energy Corporation Ltd Great Eastern Energy Corporation Limited (LSE: GEEC), the fully integrated, leading Indian Coal Bed Methane (CBM) Company, is pleased to announce that, further to the announcement in November 2016 wherein a "Heads of Agreement" was signed with a customer, it has now entered into a gas sale and purchase agreement (GSPA) with the customer for supplying over 10 mmscfd of gas from 31 August 2017. The customer's peak requirement is expected to be ~100 mmscfd. Prashant Modi, Managing Director & CEO of Great Eastern, said: "We are delighted to finally execute this GSPA albeit with some delays. This is another significant milestone for us and reaffirms the increasing demand in the area." About the Company The Company is a fully integrated gas production, development and exploration company in India, providing gas to the growing industrial region of West Bengal. Gas is being produced ( Coal Bed ...
Prashant Modi, studied for degree in management, with a major in finance, at Boston University, and then did practical training for one year overseas with two organisations. One was Qualcomm in San Diego and the other was the ANZ Bank in London. He joined hid father’s business GEECL in 1996, just as we were drilling for the first time.