Coal News We love to talk!
Oil minister Dharmendra Pradhan today announced five state-owned oil Public Sector Undertakings (PSUs) will form a Special Purpose Vehicle (SPV) to create mega natural gas pipeline network in the North-East part of the country. He was speaking at an event organized by industry body Federation of Indian Chambers of Commerce and Industry (FICCI) in Delhi.
"GAIL, ONGC, Oil India, BPCL and IOC have approached the ministry with a plan to create a SPV for creation of a big pipeline network or grid in the North-East. The pipeline will connect all important natural gas producing areas and help evacuate gas from places like Tripura, Manipur, Silchar Valley and Arunachal Pradesh," Pradhan said.
Oil India Chairman and Managing Director Utpal Bora, who was also present on the occasion, confirmed the plan of Oil PSUs to set-up the SPV. "That is a plan. I cannot get into the financing of it at this stage. The first meeting (on the proposal) has taken place and a formal announcement on this issue will be made soon," he told ETEnergyWorld.
Pradhan also said the government-owned gas utility GAIL (India) Ltd has approached downstream regulator Petroleum and Natural Gas Regulatory Board (PNGRB) to construct a natural gas pipeline to connect Dhamra in Odisha to Guwahat in Assam.
"GAIL has also approached PNGRB to create a spur pipeline up to Guwahati within the same budget. We have told Oil PSU's that there is an urgent need to create a big pipeline network in the North-East region. This network of pipeline will help accelerate employment and business in the region. The five companies have told us that they will approach PNGRB soon for the full detailed plan," the minister said.
The centre had recently decided to provide budgetary support of Rs 5,176 crore, 40 per cent of the estimated cost of Rs 12,940 crore, to GAIL for development of Jagdishpur-Haldia and Bokaro-Dhamra Gas Pipeline (JHBDPL) project. The project, named "Pradhan Mantri Urja Ganga of Eastern India" plans to bring natural gas to the eastern part of the country.
- NLC to invest over Rs 14,000 cr in thermal, solar power plants in Odisha Read more
- Gazprom in talks with IOC for Ennore LNG terminal stake Read more
- Panel set up to resolve coal methane mining issue Read more
- DERC tightens the noose on discoms Read more
- Coal India stake sale may spill over to next fiscal Read more
- Iraq plans tough steps against Kurdistan, oil firms Read more
- Coal supply to power plants may remain tight for two years: KPMG Read more
- Coal scam: Fresh case filed against Prakash Industries Read more
- J&K CM Mehbooba Mufti for harnessing of solar, wind power in a big way Read more
- Chip scam: IOC officials meet with UP petrol pump dealers postponed Read more