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17 firms to support gas grid: Gail

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Our Economy Bureau New Delhi
Last Updated : Feb 06 2013 | 9:56 AM IST
Gail (India) Ltd yesterday claimed the support of 17 companies for its "right" to implement the Rs 23,000 crore National Gas Grid spread over 8,000 km.
 
"Seventeen companies and agencies have in-principle supported a single agency model for implementing the National Gas Grid," Gail chairman and managing director Proshanto Banerjee said at a press conference.
 
British Gas, Exxon, Indian Oil Corporation, Hindustan Petroleum, Oil and Natural Gas Corporation, Gujarat State Petroleum Corporation, Gujarat Gas, Oil India Ltd, Assam Gas, Indraprastha Gas, Kochi Refineries, AP Transco, Confederation of Indian Industry and Ficci are among the agencies which have supported Gail's proposal, company executives said.
 
The government is, however, yet to finalise the gas pipeline policy.
 
Banerjee said that Gail was offering the most competitive pipeline tariff, which was 16 per cent lower than private players. He said the entry of large number of players would result in setting up of parallel pipelines and sub-optimal capacity utilisation.
 
"Based on international practice, single agency building inter-state transmission grid should be implemented," the Gail chief said.

 
 

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