RCS - Great Eastern Energy - Environmental, Social and Governance Report

Great Eastern EnergyAnnouncement

07/07/2022 07:16

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RNS Number : 5636R  Great Eastern Energy Corp Ltd  07 July 2022

7 July 2022

 

Great Eastern Energy Corporation Limited

("Great Eastern" or "the Company")

 

 Environmental, Social, and Governance Report

 

Great Eastern Energy Corporation Limited (LSE: GEEC), the fully integrated,
pioneering Indian Coal Bed Methane ("CBM") Company, is delighted to announce
the successful completion of its inaugural Environmental, Social, and
Governance ("ESG") Report.

 

Prashant Modi, Managing Director & CEO of Great Eastern, said:

 

"We are delighted to announce our inaugural ESG Report. At Great Eastern, we
have found it imperative to establish a channel for communicating and aligning
our stakeholders with our values, and the steps we have been taking to combat
issues such as, but not limited to, environmental damage, social injustice,
and governance.

 

With the world changing faster than ever, pollution and carbon footprint are
key issues that continue to plague economic development. Economies around the
world are aiming at developing sustainably and are looking at energy sources
that minimize environmental impact, bolster sustainability for communities,
and improve social well-being.

 

The quest for clean energy sources has led to breakthroughs in the sciences,
engineering, and technology. At Great Eastern, we have been playing our role
in achieving sustainable, clean, and safe energy through pioneering the
development and production of CBM.

 

Our clean energy development mechanism is expected to bolster value for our
stakeholders. By supplying CBM to our customers, we are contributing towards
the reduction of greenhouse gas emissions.

 

We envision that our ESG reporting initiatives would go on to create a
platform that shapes our value proposition, our sustainability dialogue, and
our collaboration for creating a better future for our stakeholders. We look
forward to our ESG journey."

 

The ESG assurance letter from Ernst & Young is available at
www.geecl.com/esg.php (http://www.geecl.com/esg.php)

 

 For further information please contact:

 Great Eastern Energy Corporation Limited      www.geecl.com (http://www.geecl.com)

 Yogendra Kr. Modi      Executive Chairman                                           +44 (0) 20 3470 0470
 Prashant Modi          Managing Director & CEO
 Jonathan Keeling       VP - Investor Relations                                      +44 (0) 7717 559 522

 SP Angel Corporate Finance LLP                                                      +44 (0) 20 3470 0470

 Rob Rees
 Richard Hail
 Caroline Rowe

 

About the Company

 

A fully integrated gas production, development, and exploration Company in
India. Gas is being produced from the Raniganj (South) block in West Bengal,
which covers 210 sq. km with 9.25 TCF of Original Gas in Place ("OGIP").  The
Company's second license is the Mannargudi block in Tamil Nadu, which covers
667 sq. km with 0.98 TCF of OGIP.

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