Petroleum minister distributes Letter of Intents to 12 successful entities under 10th CGD Bidding Round


Petroleum minister distributes Letter of Intents to 12 successful entities under 10th CGD Bidding Round

2 crore PNG connections to be provided by these entities and 3,578 CNG stations will be put up in the area

Minister of Petroleum & Natural Gas and Skill Development & Entrepreneurship Dharmendra Pradhan today distributed the Letter of Intents (LOI) to 12 successful entities for 50 Geographical Areas (GAs) under the 10th CGD Bidding Round, recently awarded by PNGRB. This will herald new era with respect to the availability of convenient, environment-friendly and cheaper natural gas to more than 70 % of the country’s population, spread across 27 States and Union Territories upto 10th round. Over 2 crore PNG connections are envisaged to be provided by these entities, and 3,578 CNG stations will be put up in the area.

As per provisions of the CGD Authorisation Regulations, authorization shall be granted to the successful bidders after receipt of the requisite Performance Bank Guarantee from the concerned entities within specified period of 30 days. Entity-wise details of successful bidders are given below: Read More

Leave a Reply

Your email address will not be published.