Under the Ninth CGD bidding round launched in April this year, downstream regulator Petroleum and Natural Gas Regulatory Board (PNGRB) offered city gas distribution development rights for 86 Geographical Areas (GAs) spread across 22 states and union territories including 174 districts.
The bidding round received 406 bids from 38 companies, with maximum bids from IOC, BPCL subsidiary Bharat Gas Resources and Adani Gas. Subsequently, PNGRB awarded Letters of Intent (LoI) to 19 companies for development rights in 78 GAs of the 86 offered up to 10 August.
“Remaining 7 GAs are being evaluated and 1 is sub-judice. The outcome of these will be announced in due course,” PNGRB said, adding authorization rights will be granted to successful bidders after receipt of the requisite performance bank guarantee from the concerned entities within specified period.
Adani Gas has led the race so far receiving development rights for 13 GAs independently and additional nine in consortium with IOC. Indian Oil independently won development rights for seven GAs.
Bharat Gas Resources has won development rights for 11 GAs and Sudhir Mehta-led Torrent Gas won the rights for nine GAs. GAIL Gas has won the development rights for four Gas while a consortium of Think Gas Investments PTE and Think Gas Distribution has won four.
Maharashtra Natural Gas and Megha Engineering & Infrastructure won three GAs each. A consortium of AG&P LNG Marketing Pte Ltd and Atlantic Gulf & Pacific company of Manila won two GAs.
A consortium of Assam Gas Company, Oil India and GAIL Gas won two Gas while Green Gas Ltd and Unison Enviro one two GAs each. Other winners include Essel Gas, Gujarat Gas, Hindustan Petroleum, Indraprashta Gas and IRM Energy.
According to PNGRB, commitments made by the winning entities of 78 GAs will collectively result in setting-up of 1.53 crore Piped Natural Gas (PNG) connections, around 3,627 Compressed Natural Gas (CNG) stations and 98,000 Km steel pipeline network by September 2026.
The regulator also said that post the completion of the projects, CGD network will be available in 178 GAs spread across 26 states and UTs, covering more than 50 per cent of the country’s population and 35 per cent of its geographical area.
Latest posts by Mozaffar EtezadiFar (see all)
- Exports slip 0.8% in December 2020; trade deficit widens to USD 15.71 billion - 2nd January 2021
- After NCLAT, NCLT now also dismisses appeal of Hindustan Oil Exploration Company - 29th December 2020
- Behind the scenes: What led to Cyrus Mistry ouster - 25th December 2020