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The Petroleum and Natural Gas Regulatory Board (PNGRB) has received 20 bids for six city gas distribution licenses in northeastern states and Jammu & Kashmir, the regulator said in a statement on Monday.
PNGRB had sought bids under the 12th city gas distribution (CGD) bidding round for 7 geographical areas (GAs) covering Arunachal Pradesh, Meghalaya, Manipur, Nagaland and Sikkim, and union territories of Jammu & Kashmir and Ladakh. It opened technical bids on Monday.
Eight entities submitted bids for 6 GAs. Six bids came in for Meghalaya, four for Sikkim, four for Nagaland, three for Manipur, two for Arunachal Pradesh, and one for J&K. No bid was received for Ladakh.
“This initiative would help in creating a robust CGD infrastructure and play a significant role in transforming to a gas-based economy. This would bring an investment of more than Rs. 35,500 crore and generate employment,” the regulator said.
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