Dharmendra Pradhan distributes Letter of Intents to 12 successful entities

 

New Delhi : Minister of Petroleum & Natural Gas and Skill Development & Entrepreneurship Dharmendra Pradhan on Friday distributed the Letter of Intents (LOI) to 12 successful entities for 50 Geographical Areas (GAs) under the 10th CGD Bidding Round, recently awarded by PNGRB.

This will herald new era with respect to the availability of convenient, environment-friendly and cheaper natural gas to more than 70 % of the country’s population, spread across 27 States and Union Territories up to 10th round.

Over 2 crore PNG connections are envisaged to be provided by these entities, and 3,578 CNG stations will be put up in the area. The list of winning entities and the Gas are given in the Annexure.

As per provisions of the CGD Authorisation Regulations, authorization shall be granted to the successful bidders after receipt of the requisite performance Bank Guarantee from the concerned entities within specified period of 30 days. Entity-wise details of successful bidders are given below:-

S.No

 

         Name of Bidder

Number of Geographical Areas
1 Adani Gas Limited 2
2 Bharat Gas Limited 2
3 Consortium of LNG Marketing Pte. Ltd. & Atlantic Gulf & Pacific Company of Manila Inc. 9
4 Consortium of Think Gas Investments Pte. Ltd & Think Gas Distribution Pvt. Ltd. 1
5 GAIL Gas Limited 4
6 Gujarat Gas Limited 6
7 Hindustan Petroleum Corporation Limited 9
8 Indian Oil Corporation Limited 9
9 Indian Oil Adani Gas Private Limited 1
10 Indraprastha Gas Limited 3
11 Rajasthan State Gas Limited 1
12 Torrent Gas Private Limited 3

 

Speaking on the occasion, the Minister  said that Indian oil and gas market, helped by progressive and conducive policy environment, have become mature and lucrative. Two international entities have bid in the 10th round and won 10 GAs.

Pradhan said that the Present Government has been able to achieve historic and unprecedented results, within the same system and resources. He said that within 5 years, the coverage of City distribution area has gone up from 20% of population to 70%.

The Minister said the availability of cheap, clean and convenient gas will safeguard our poor from diseases. Congratulating the PNGRB for its proactive role in bringing more areas under the CGD, and completing the process in the record time, he said that besides certain small states/ UTs, big states like Haryana, Gujarat and Punjab will now be fully covered under the CGD.

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