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Oil regulatory authority evisages Rs 80,000 cr financial investment as 430 proposals gotten for city gas licensing round

Business Today

As long as Rs 80,000 crore financial investment is imagined in establishing city gas facilities in 61 geographical locations (GAs), consisting of Jammu, Nagpur, Pathankot as well as Madurai, that were placed on proposal in the most up to date licensing round, oil regulatory authority PNGRB claimed.

Proposals for the 65 GAs supplied in the 11th city gas licensing round can be found in on December 15, Oil as well as Gas Regulatory Board (PNGRB) claimed in a declaration.

The 65 GAs spread over 215 areas in 19 states as well as one Union area covering 26 percent of India’s populace as well as 33 percent of its location.

“This round brought in a frustrating reaction from capitalists with greater than 430 proposals versus 61 GAs without solitary proposal in these GAs. The technological proposals would certainly be opened up in between December 17 to 22,” PNGRB claimed.

“This campaign would certainly assist in producing a durable CGD facilities as well as play a substantial duty in changing to a gas-based economic situation. This would certainly bring financial investment of greater than Rs 80,000 crore as well as produce work.”

Currently, there are 228 geographical locations authorized by PNGRB in 27 states as well as UTs covering roughly 53 percent of the nation’s geographical location as well as 70 percent of its populace.

In the last city gas circulation (CGD) bidding process round – the 10th CGD bidding process round, 50 GAs were authorized for the advancement of CGD network.

In today round, 215 areas clubbed right into 65 GAs are being supplied. Proposals were gotten for 61 GAs, according to PNGRB.

Throughout 2018 as well as 2019, PNGRB provided permits to retail CNG to autos as well as piped cooking gas to family kitchen areas in 136 GAs. This extensive insurance coverage of the city gas network to 406 areas as well as around 70 percent of the nation’s populace.

The promote city gas growth belongs to the federal government’s prepare for increasing the share of gas in the nation’s power basket to 15 percent by 2030 from the present 6.3 percent.

The 65 GAs to be bid out in the 11th CGD bidding process round consist of Jammu, Udhampur, Samba as well as Kathua areas in the Union Region of Jammu as well as Kashmir.

Nagpur in Maharashtra, Madurai in Tamil Nadu as well as Rajasthan’s Bikaner as well as Churu areas are amongst the locations being supplied for bidding process.

Nizamabad in Telangana, the Nilgiris in Tamil Nadu, East Medinipur in West Bengal as well as Pauri Garhwal in Uttarakhand are likewise on the checklist.

Kurnool, Guntur as well as Prakasam areas in Andhra Pradesh, Assam’s Kokrajhar as well as Dhubri areas, Darbhanga as well as Madhubani in Bihar as well as Chhattisgarh”s Rajnandgaon as well as Kanker areas will certainly be supplied.

In Himachal Pradesh, Mandi, Kullu, Kinnaur as well as Lahaul & Spiti areas have actually been clubbed right into one GA for the bidding process as well as Kangra as well as Chamba right into an additional.

Karnataka’s Chikkaballapur, Kerala’s Idukki as well as Kottayam, Madhya Pradesh’s Hoshangabad, Sagar as well as Vidisha areas, Jalgaon as well as Amravati in Maharashtra, Koraput in Odisha, Pathankot as well as Tarn Taran in Punjab as well as Tiruvannamalai in Tamil Nadu are various other locations being supplied for bidding process.

While 86 GAs, composed of 174 areas, were supplied for bidding process in the 9th round that wrapped up in August 2018, 50 GAs, making up 124 areas, were supplied in the 10th round in 2019.

Likewise Check out: ONGC desires minimal $3.5-4 for gas created in Jharkhand, Tripura


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