Indian natural gas distributor Adani Gas Ltd, peer GAIL Gas Ltd and oil and gas extraction company Bharat Gas Resources Ltd, a subsidiary of Bharat Petroleum, have emerged as the successful bidders in the ninth round to inject 34 billion rupees (about $477 million) in creating city gas distribution (CGD) network in Odisha.
Bharat Gas will invest $175.4 million to provide piped natural gas (PNG) to 67000 homes and set up 61 compressed natural gas (CNG) stations in Jagatsinghpur, Kendrapada, Jajpur, Keonjhar, Angul, Dhenkanal, Bargarh, Debgarh, and Sambalpur districts.
Adani Gas will set up of 20 CNG stations in these areas and provide PNG to 1,50,464 households over a span of eight years with an investment of $70 million.
GAIL Gas will invest $132.2 million to set up 20 CNG stations in Sundargarh and Jharsuguda districts. It will also provide supply PNG to approximately 100,000 households in these two districts. Similarly, in Ganjam, Nayagarh and Puri districts, the company will invest $101.9 million to set up 15 CNG stations and supplying PNG to about 51,000 households.