The Indian Oil Corporation-Adani Gas Pvt Ltd joint venture has bagged the contract to implement the City Gas Distribution (CGD) project in Ernakulam. The Ernakulam revenue district is one of the 14 locations in the country where the Petroleum and Natural Gas Regulatory Board proposes to take up CGD project. PNGRB has given the licence to IOC-Adani to provide piped gas to nearly five lakh residents in the district and nearby areas in two years with an estimated cost of Rs 150 crore.
IOC officials said here that Kochi will be the first city in South India to roll out the CGD project and the gas will be supplied through LNG pipelines from the Petronet LNG Terminal at Puthuvypeen.
There were six bidders initially and three in the final rounds. Kerala Gail Gas Ltd, a JV between KSIDC and GAIL, was one of the three companies in the race for the project. The other two companies are Synergy Steel Pvt Ltd and the consortium of IOC-Adani.
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