India launches biggest city gas distribution auction
New Delhi, May 8:In a major step towards ushering in a clean gas-based economy, India on Tuesday launched its biggest auction of city gas distribution (CGD) networks, offering permits for selling compressed and piped natural gas (CNG and PNG) in 86 geographical areas.
Awards from the 9th CGD licensing round would help bring gas coverage to 174 districts in 22 states and Union Territories, covering 29 per cent of the country's area and 24 percent of the population, said Union Petroleum Minister Dharmendra Pradhan launching the bidding round here.
According to the Petroleum and Natural Gas Regulatory Board (PNGRB), which organised a roadshow here to promote the auction, the ninth bid round is expected to attract investment of Rs 70,000 crore.
"This is the biggest step so far in CGD expansion, towards raising the gas share in the country's energy mix from 6.2 per cent to 15 per cent in a few years," Pradhan said.
So far, existing 91 geographical areas have been awarded to companies like Indraprastha Gas, GAIL Gas and Gujarat Gas, which cover 11 per cent of area and 19 per cent of the population.
The existing CGD networks are concentrated in the northern and western regions of the country.
"With this, the regulator is also acting as a facilitator for the CGD network," Pradhan said referring to the role of the PNGRB.
Changes have been made to the bidding conditions to facilitate greater return from the exercise. For instance, CGD networks have been granted status of utilities by the Union Labour Ministry.
Under the changed parameters, maximum weightage of 50 per cent has been given to the number of piped gas connections proposed in eight years from the date of authorisation, as against 30 per cent earlier.
The number of CNG dispensing stations proposed to be set up has been given 20 per cent weightage. Length of the pipeline to be laid in a geographical area, and the tariffs proposed for city gas and CNG have been granted 10 per cent weightage each.
Besides, there is a floor tariff of Rs 30 for city gas and Rs 2 per kg for CNG to prevent bidders from quoting unviable low tariffs.
Companies with net worth of not less than Rs 150 crore can bid for cities with a population of 50 lakh and more, while it is Rs 100 crore for cities with 20 lakh to 50 lakh population. Firms with Rs 5 crore net worth are eligible to bid for cities that have less than 10 lakh population.
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UP: Misled by GPS navigation, car falls into river from partially constructed bridge, 3 dead
Bareilly (UP), Nov 24: Three people died when their car fell into the Ramganga river from a partially constructed bridge here on Sunday, police said, adding that they suspect the driver was misled by its navigation system into taking the unsafe route.
The accident occurred around 10 am on the Khalpur-Dataganj road when the victims were travelling from Bareilly to Dataganj in the Badaun district, they said.
"Earlier this year, floods had caused the front portion of the bridge to collapse into the river, but this change had not been updated in the system," Circle Officer Ashutosh Shivam said.
The driver was using a navigation system and did not realise that the bridge was unsafe, driving the car off the damaged section, the police said.
There were no safety barriers or warning signs on the approach to the damaged bridge, leading to the fatal accident, Shivam said.
Upon receiving information, police teams from Faridpur, Bareilly and Dataganj police station rushed to the spot. They recovered the vehicle and the bodies from the river, Shivam added.
The circle officer said that bodies had been sent for post-mortem. Further investigation into the matter is underway.
— Bareilly Police (@bareillypolice) November 24, 2024
