Afternoon D & C Dedicated To Mumbai
Home > Business > Oil regulator to offer 100 CGD licences for bidding this month

Oil regulator to offer 100 CGD licences for bidding this month

Friday, January 12, 2018

Oil regulator PNGRB will this month offer for bidding CNG retailing licences in 100 cities on revised terms, Petroleum Minister Dharmendra Pradhan said yesterday. The Petroleum and Natural Gas Regulatory Board (PNGRB) has so far held eight rounds of bidding where companies were asked to quote the tariff for pipeline that carries gas within the city limits.

The bidding criteria did not include the rate at which an entity would sell CNG to automobiles or piped natural gas to households using the same pipeline network, leading to companies offering one paisa as tariff to win licences.

"PNGRB will offer 100 city gas distribution (CGD) licences for bidding on a new model this month," Pradhan said at a FICCI conference here.

The new model would have a different bidding parameter besides the geographical or physical area for the licence being dynamic, he said.     He however did not offer details of the new bidding criteria.

PNGRB had in October last year called for industry comments on an alternate model of bidding criteria for development of CGD network in the country. In a bid to encourage wider participation and improving project delivery, the alternate model suggests bidding on the basis of capex committed, transportation tariff and work programme.

COMMENTS
No Comments Posted
POST YOUR COMMENTS
Name:  
 
Email:    
Comments:
 
 
City news
Navi Mumbai Traffic Police rescued Anirban Blah,
Student made to shuttle between Bandra-Valsad in
This year so far, 1212 people have lost ...
Heart To Heart
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Astrology
Select Sun sign:
 
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)You already feel deeply connected to the universe. But today, you may want to particularly thank God for all His small mercies. You cherish your loved ones even more today, says Ganesha, and you may spend lavishly on people dear to you.
- Advertising -
Read More