Indraprastha Gas Limited and Petronet LNG will consider bidding jointly for developing City Gas Distribution networks. The two will bid for the new areas proposed by the Petroleum and Natural Gas Regulatory Board.
An IGL statement said that they have signed a memorandum of understanding for the same.
Under the MoU, the two will also promote the usage of LNG as an alternative fuel for motor vehicles in the country, especially Heavy Passenger & Goods Vehicles.
As a part of this MoU, IGL and Petronet LNG have decided to work together for developing technology for LNG powered vehicles and infrastructure for storage and distribution of LNG and Liquefied CNG. The companies have also agreed to encourage vehicle owners to use LNG as another alternate fuel and joint foray in international markets for LNG and CGD networks.
The statement said, “IGL has agreed to own, design, construct, operate and maintain LNG & LCNG dispensing stations while partnering with PLL for development, procurement and promotion of LNG powered vehicles in areas of operations. IGL would also be looking at develop CGD network in other countries where PLL is foraying for LNG.”
PLL on its part would be supplying and transporting LNG to IGL at required LNG/LCNG dispensing locations, apart from assisting IGL in development of LNG and LCNG distribution centres, obtaining statutory approvals and pursuing vehicle owners/ operators to suitably modify/ design their vehicles to allow usage of LNG in motor vehicles and fill at IGL’s LNG Stations, the statement added.
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