Oil regulator PNGRB Thursday put up for bidding 50 cities including Gwalior in Madhya Pradesh, Mysore in Karnataka, Ajmer in Rajasthan and Howrah in West Bengal for grant of licence to retail CNG and piped natural gas.
The Petroleum and Natural Gas Regulatory Board (PNGRB) offered 50 geographical areas (GA), carved out by clubbing adjoining districts in 12 states, in the 10th round of bidding for city gas licences. Bids are due by February 5, according to PNGRB.
Bidders have been asked to quote the number of CNG stations to be set up and the number of domestic cooking gas connections to be given in the first eight years of operation. Also, they have to quote the length of pipeline to be laid in the GA and the tariff proposed for city gas and compressed natural gas (CNG), according to PNGRB.
The bid round comes within months of the close of the 9th round, which was the biggest ever city gas distribution licensing round where 86 permits for selling CNG and piped cooking in 174 districts in 22 states and union territories were offered. Read More
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