Maharashtra Plans Investment Of Rs 8000 Crore In Gas Grid (07-Jan-2010)
Maharashtra has also joined the league for developing a gas grid in the state. In over 2,000 km of a gas infrastructure and transportation grid, the state government is eyeing to invest about Rs 8,000 crore.
The nodal agency for the project is the state-run Maharashtra Industrial Development Corporation (MIDC). For a long-term and assured supply of gas to various existing and upcoming small and mega gas-based power projects in the state, this gas grid is being planned.
The funding would be under the public-private partnership (PPP) where the state government proposes to cover an important gap of Rs 2,500-3,000 crore.
While the states like - Gujarat which has already completed a gas grid of over 1,200 km of a 2,000-km. similar project has also been launched by Andhra Pradesh.
For the formation of a joint venture (JV) with GAIL India, MIDC has already finalised talks. It is anticipated that the JV would transport and organise massive supply in the areas of the existing gas pipeline that passes through a section of the Konkan region.
GAIL India has already constructed a pipeline between Panvel and Dabhol, which supplies gas for the Dabhol power project.
However, MIDC and GAIL India would also jointly tender for other areas in the Konkan region for gas supply. As mandated by the Petroleum and Natural Gas Regulatory Board (PNGRB) the JV would participate in the bidding process.
Moreover, for similar projects, MIDC will also form alike JVs with Reliance Industries and other companies. The projected JVs would look at gas transportation and grid in the remaining part of Maharahstra, including Vidarbha and Marathwada.
The grid would be able to supply gas to MahaGenco''s existing 850-Mw urban project. Further gas can also be arranged for the proposed 1,500-Mw expansion of the urban project. Moreover, a gas-based power project is being planned in Latur with a capacity of 1,600-Mw, situated in the surrounding area of Reliance pipeline.
For setting up of CNG terminals across the state, MIDC is also planning to pull in IndianOil Corporation for the purpose.
Top News Today
 Maruti Suzuki, the country's largest auto-maker is likely to set up its stockyard facility in Nagpur, to reduce the transit time and increase delivery of vehicles. The company is producing 8,000 units
 Bharti Airtel, a leading global telecommunications company with operations in 19 countries across Asia and Africa, launched new name tunes service called 'Your Name Your Tune'. With the help of this service,
 Bajaj Auto, country's second largest two wheeler maker has unveiled its all new motorcycle -- Pulsar 200NS -- in Mumbai. Price of 2012 Pulsar will be revealed during its launch in April 2012 and it is
|
International Stock News
 The US markets made a mix closing on Thursday, as a drop in jobless claims fueled optimism about the economy and investors looked to the next day's employment report as the next indicator of the economic
 The US markets made a mixed closing on Tuesday, with the indices mostly slipping after US economic data failed to live up to expectation. The reports showed that American consumer confidence trailed estimates
 The US markets closed lower on Monday, as leaders in Europe gather to discuss the debt crisis for the seventeenth time in two years and tensions remained high with Portugal’s soaring borrowing costs. On
|
|
|