Industry & Economy
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Petroleum
USTDA grant for study on gas grid
Our Bureau
New Delhi
,
Sept. 1
THE US Ambassador to India, Mr David Mulford, and the GAIL (India) Ltd (Gas Authority of India Ltd) Chairman and Managing Director, Mr Proshanto Banerjee, on Wednesday signed an agreement for jointly funding and undertaking a feasibility study on the proposed national gas grid in India.
The agreement, according to an official statement here, provides for funding of $6,90,000 by the US Trade and Development Agency (USTDA), whereas GAIL is to contribute $2,30,000 to assist in completion of the study by June 30, 2006, the scheduled date.
GAIL is undertaking this major energy infrastructure programme to build a natural gas transmission pipeline network that will eventually reach all major energy-consuming areas in the country.
The feasibility study is to address the physical interconnections of the pipelines and related capacity issues; the technology that would be required to manage, monitor and control the gas grid as an integrated operating system with a high degree of system reliability, among other issues.
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