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City Gas distribution major, Gujarat Gas Company Ltd (GGCL) today informed that the industry regulator, Petroleum and Natural Gas Regulatory Board (PNGRB) has granted authorisation to set up and operate City Gas Distribution (CGD) network in Bhavnagar area in Gujarat. This will allow the company to cover an additional geographical area of 8,153 sq.km under CGD.
In a filing with the Bombay Stock Exchange (BSE) on Thursday, GGCL informed, that pursuant to PNGRB's letter granting GGCL an authorisation to lay, build, operate, or expand city or local natural gas distribution network for the geographical area of Bhavnagar, GGCL has accepted the authorisation in Schedule D of the PNGRB Regulation, 2008, vide a confirmation letter to PNGRB on March 13, 2014.
The area will comprise of Bhavnagar district and few talukas of the newly formed district of Botad.
As per the provisions of the PNGRB Regulation, 2008 of granting Exclusivity for City or Local Natural Gas Distribution Networks, the company owned by the state run Gujarat State Petroleum Corporation Group has been granted 300 months of infrastructure exclusivity, which is valid up to March 04, 2039 and 60 months of marketing exclusivity valid up to March 04, 2019 for the CGD network.
Further, the authorised area for laying, building, operating or expanding the proposed CGD Network shall cover a geographical area of 8,153sq.km, said the company.
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