The 1550 km long Surat-Paradip gas pipeline has now become a prized asset for the Heavy Industries, as Industry behemoths have expressed their desire of investing in this project. Apart from GAIL India, that holds almost 51% stake in this project, a few other state run entities would also be rearing to form a joint venture, per se Surat-Paradip gas pipeline. The article below tells you more about the intricacies of this project and the contributions of our Heavy Industries Minister towards it.
Even before GAIL India could commence the proceedings of the 1550 km long Surat-Paradip gas pipeline, the other state run entities have showed interest in investing in this project. According to sources, apart from Indian Oil Corporation (IOC) and GAIL India, the other state run entities including Bharat Petroleum Corp Ltd (BPCL), Hindustan Petroleum Corp Ltd. (HPCL) and Engineers India Ltd. (EIL) have evinced interest in buying stakes in the 1,550-km natural gas pipeline, from South Gujarat to the Odisha coast. Heavy Industries Minister Praful Patel, who would be overlooking the progress of this natural gas pipeline assignment, will have a major role to play in the way things span out, in regards to this undertaking. GAIL Chairman B. C .Tripathi also put forwards his views in regards to the joint venture that could be formed, keeping in mind the interest shown by the other state run entities. Here’s what Mr. Tripathi had to say. “With every player wanting a larger share, we have to try to give an equitable stake to everybody. We have not yet concluded the joint venture structure. We may do so in the next few months.” Whilst GAIL India would be holding a 51% stake in this project, the other parties might just participate through a policy of equity investment. In addition, resources confirmed that the Indian Oil Corporation (IOC) did approach GAIL India, with aspirations of holding a 30 percent stake in this natural gas pipeline project.
Last April, GAIL secured rights to lay the pipeline, with a capacity to transport up to 60 million standard cubic meters a day (mscmd). GAIL will have 36 months to lay the pipeline and commission it. Mr. Tripathi also said that the work for the 36 inch pipeline will be over by 2015-16. He further added that GAIL India had already issued tenders in regards to this project and that the company would be meeting the deadline. Praful Patel’s contributions towards the growth of this project and the way it (the project) benefits the natural gas consumers will be of much importance. As a matter of fact, the pipeline project will start from the Mora region in Gujarat, extending its reach to Chhattisgarh and the state of Maharashtra, before it finally reaches Odisha. Currently, GAIL has a trunk pipeline network spanning around 11,000 km which it uses to market liquefied natural gas, both domestically produced and imported. It owns and operates 9,500 km of high pressure cross-country pipeline network, able to handle 175 mscmd. The significant augmentation of this pipeline throughout the country is what is going to benefit the consumers of natural gas, in the years to come.
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NCP Leader Praful Patel also made way for rehashing and creating a totally new infrastructural base for the 1550 km long Surat-Paradip gas pipeline. This also signifies that in the next two or three year, there shall be a pan-India pipeline spanning almost 14,500 kms, with a capacity of handling volumes of 300 mscmd. The numbers are staggering and indeed and so are the strategies for this huge project. Concisely, India’s PSU’s are doing phenomenally well under Praful Patel. It was the implementation of the World’s Largest single location solar Power Plant followed by the Surat-Paradip Gas pipeline. The focus now would be on the implementation of the strategies for this project. Besides, if the Heavy Industries can keep this streak going on, India shall be a paramount predominant, in the years to come.
Heavy Industries Minister Praful Patel also paved way for the NEMMP 2020, which would lead to the production of zero emission hybrid and electric vehicles. For more Praful Patel information, follow him on his social networking sites including Facebook, Google+ and his YouTube channel.
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