ASIA

Indian gas grid proposal gets study funds

Indias Gas Authority of India Ltd (GAIL) and the US Trade and Development Agency (USTDA) have ink...

Indian gas grid proposal gets study funds

In a statement GAIL said, “Under the agreement USTDA [will] provide a fund of US$690,000 while GAIL will contribute US$230,000 to assist in completion of the study which is set to be completed by June 30, 2006.”

“GAIL has already drawn up a blue print for setting up its ambitious National Gas Grid to link gas sources with consumption centres spread across the country with an estimated investment of around $US4.3 billion.

“The study will address the technical, economic, financial and environmental aspects of the national gas grid project along with issues concerning regulatory aspects,” it added.

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