PSUs – IOCL, ONGC, GAIL, OIL, and NRL sign a joint venture agreement for executing North – East Natural Gas Pipeline Grid (N-ENGPG) in Guwahati
In a major initiative to connect all the North-East (N-E) states to the National Gas Grid, the 5 central oil PSUs – IOCL, ONGC, GAIL, OIL, and NRL – have signed a joint venture agreement for executing the North – East Natural Gas Pipeline Grid (N-ENGPG) in Guwahati on July 19, 2018. As per the agreement, a Joint Venture (JV) company will develop, build, operate and maintain the Natural Gas Pipeline Grid (NGPG) connecting Guwahati to the other major North -Eastern cities and major load centres such as Numaligarh Refinery and integrating it with gas producing fields in the region. The project will connect the state capitals of all the 8 NE states – Assam, Manipur, Meghalaya, Mizoram, Nagaland, Tripura, Sikkim and Arunachal Pradesh with an expenditure of Rs 6000 crore for 1500 Km length gas pipeline in a tentative four years time schedule. The project will be implemented in 3 phases.
Topics: BSE SENSEX • CNX Nifty • GAIL • Guwahati • India • Indian Oil Corporation • Numaligarh • Oil and Natural Gas Corporation • ONGC Tripura Power Company • Seven Sister States • Tourism in North East India • Tripura