Cabinet approves capital grant for North East Natural Gas Pipeline Grid
First Published: 8th January, 2020 17:53 IST
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved the North East Gas Grid Project of Indradhanush Gas Grid Ltd (IGGL) with viability gap funding at 60 per cent
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved the North East Gas Grid Project of Indradhanush Gas Grid Ltd (IGGL) with viability gap funding at 60 per cent of the estimated cost of Rs 9,265 crore.
The quantum of viability gap funding will include interest during the construction and not be linked with upward capital cost variation.
The Ministry of Petroleum and Natural Gas (MoPNG) will identify milestones for major activities of the project and link the releases of capital grant.
The total length of the pipeline is 1,656 km. The gas pipeline grid will be developed in eight states — Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura.
The project will ensure reliable and uninterrupted natural gas supplies to consumers, according to an official statement.
“Availability of natural gas across the region is expected to boost industrial growth without impacting the environment and offer a better quality of life to the people in general due to use of cleaner and green fuel,” said the statement.
IGGL is a joint venture company of five central public sector enterprises — IOCL, ONGC, GAIL, OIL and NRL.
(ANI)
COMMENTS
TOPMOST STORY NOW
Live 6 days on, no arrests yet in 2 minors gang rape case in Meghalaya
23rd April 2024
Live Battle for Tura LS seat: Is NPP relying on BJP for an easy win?
23rd April 2024
Live At above 10,000 ft in a Tawang village a school headmaster is teaching people to say no to plastic
23rd April 2024
Live Meghalaya Minister Kyrmen Shylla urges for public collaboration to prevent frequent forest fire in state
23rd April 2024
WE RECOMMEND
Tata Motors to roll-out ‘Untamed Kaziranga Edition’ of SUVs
Tata Motors is all set to roll out a range of SUVs as part of its special Kaziranga edition. It has released a teaser to its proposed ‘one-of-a-kind SUV Range’ – The Untamed Kaziranga Edition’, even changing the display picture of the Twitter Handle of Tata Motors Cars with a special Rhino badge. The auto […]
16th February 2022
AICC has no right to dictate terms to Meghalaya Congress MLAs: Ampareen Lyngdoh
The divide between the Meghalaya Congress and the All India Congress Committee is now out in the open. Meghalaya CLP leader Ampareen Lyngdoh on February 10th openly took a dig at the party high command. Briefing media, Ampareen Lyngdoh said that the AICC did nothing even after 12 Congress MLAs led by former Chief Minister […]
10th February 2022
Panama Papers : ED Questions Aishwarya Rai Bachchan on foreign exchange violations
The Enforcement Directorate (ED) has summoned actor Aishwarya Rai Bachchan in connection with the Panama papers. She appeared before the ED on Monday in association with the massive leak of financial files from the database of Mossack Fonseca four years ago. Rai had been summoned earlier for questioning, but she had twice sought more time. […]
20th December 2021
Centre’s development push; FM Nirmalaya Sitharaman visits Assam
Union Finance Minister Nirmala Sitharaman is in Assam today to take part in various key programmes. Currently, Sitharaman is in Umrangso in Dima Hasao district to take part in the bhumi pujan ceremony of the 120 Megawatt Lower Kopili hydro electric project and also lay the foundation stone for the improvement and upgradation of a […]
07th October 2021
OIL posts profit worth Rs 1,741 crore in FY 2020-21
Oil India Limited has earned a profit of Rs 1,741 crore in the fiscal year 2020 to 2021. Oil India Limited chairman and managing director Sushil Chandra Mishra stated that the company has earned a profit after taxes of Rs 1,741.59 crore in the financial year 2021-21, which is one of the highest in the […]
26th September 2021