Petroleum and Natural Gas Regulatory Board (PNGRB) organised fourth roadshow on 9th City Gas Distribution (CGD) Bidding Round here on Friday.
As a major leapfrogging step in the area of distribution of natural gas across India, in the 9thCGD Bidding Round, PNGRB has offered 86 Geographical Areas (GAs) covering 174 districts (156 complete and 18 part), spread over 22 States and Union Territories (UTs) in India. These GAs cover 29 per cent of India’s population and 24 per cent of its geographical area.
The bidding would close on July 10, 2018 and PNGRB intends to finalise the award of GAs by October, 2018.
Madhya Pradesh, also known as the heart of India in perspective of its topographical region, is the second biggest state in the country by area and fifth largest by population. The strategic location of Madhya Pradesh makes the state an attractive market for the investors in City Gas Distribution business.
Principal Secretary, Food, Civil Supplies and Consumer Protection, Neelam Shami Rao, in her address acknowledged the initiatives taken by Ministry of Petroleum and Natural Gas and PNGRB for development of robust CGD network infrastructure in the state and assured all support from the state Government for development of City Gas Distribution Network in the State. S Rath, Member, PNGRB, in his welcome address shared that the ‘9thCGD Bidding Round’ is a positive step in the direction of moving Bhopal, the capital city of Madhya Pradesh towards the environment friendly sources of energy.
During the roadshow, representatives from GAIL, an existing investor in CGD, shared their experience in the sector and also highlighted the need to work together and leverage the opportunity available today and in future in CGD business.
Satpal Garg, Member, PNGRB, in his address to the audience, brought out the salient features of the 9th CGD Bidding Round. SS Chahar, Member PNGRB concluded the roadshow with his vote of thanks. He expressed gratitude to all the participants for taking out their valuable time to be part of the roadshow. The roadshow was a huge success and witnessed participation from Oil & Gas industry, Industry Associations, existing & prospective CGD investors, policy makers and the general public.
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