Friday, July 15, 2011

GSPL awarded LOA for Pipelines.

The said three projects shall be required to be completed within a period of 36 months from the date of award of the letter of authorization to GSPL led Consortium.
Gujarat State Petronet Ltd (GSPL) has announced that GSPL led consortium has been awarded the Letters of Authorisation dated July 07, 2011 by Petroleum and Natural Gas Regulatory Board for developing three Cross Country Natural Gas Transmission Pipelines, namely: Mallavaram - Bhilwara (1585 Kms) pipeline, Mehsana - Bhatinda (1670 Kms) pipeline and Bhatinda-Jammu-Srinagar (740 Kms) pipeline.
Earlier GSPL (with 52% stake) in consortium with IOCL (26%), BPCL (11%) & HPCL (11%) had participated in the aforesaid three bids where in the bid submitted by the said consortium has emerged as the most favorable bid in all the three Pipeline Projects.

The route map of these three Natural Gas Transmission Pipelines cover the states like Andhra Pradesh, Madhya Pradesh, Maharashtra, Haryana, Punjab, Rajasthan and Jammu on its network for transmission of gas to various districts and area of these states of India. The total Investment in the Project shall he approx Rs. 125bn.

The said three projects shall be required to be completed within a period of 36 months from the date of award of the letter of authorization to GSPL led Consortium.

Courtesy: http://www.indiainfoline.com/Markets/News/Gujarat-State-Petronet-receives-LOA-from-Petroleum-and-Natural-Gas-Regulatory-Board/5193317283

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