News

Five PSUs sign gas pipeline MoU to connect Northeast

Views: 616

PSUs sign gas pipelineWith the aim to connect Gauhati to other cities in Northeast by bridging a distance of 1,500 km, five public sector oil and natural gas companies have signed a joint venture agreement to execute Rs 6,000 crore Gas Pipeline Grid Project in Northeast. The five companies that have signed an agreement, Indian Oil Corporation Limited (IOCL), Oil and Natural Gas Company (ONGC), Gas Authority of India Limited (GAIL), Oil India Limited (OIL), and Numaligarh Refinery Limited, will also connect Gauhati with other load centers like NRL.

The equity essential for the development of these projects supported by a four-year window, encompasses a year for pre-project activities, will be equally contributed by five companies.

The pipeline grid project being implemented under the Prime Minister Narendra Modi’s Urja Ganga Gas Pipeline Project was first announced by Union Petroleum and Natural Gas Minister Dharmendra Pradhan during advantage Assam Investment Summit.

Besides linking all state capitals in the region, the pipeline will establish a connection with the Natural Gas Grid through the Barauni – Guwahati Gas Pipeline, which is being laid by GAIL. The pipeline will cover areas Numaligarh, Dimapur, Kohima and Imphal on one side and Shillong, Silchar, Aizawl and Agartala on the other side. Also, it’s likely to extend to connect Itanagar.

The official also said the gas pipeline from Bihar to Guwahati, part of Jagdishpur-Haldia gas pipeline, which will connect eight Northeast state capital will be laid by 2022.

Most Popular

To Top