GAIL aims Rs 20,000 cr in metro link
State-owned GAIL (India) Ltd plans to invest over Rs 20,000 crore in setting up gas based power projects along with associated infrastructure facilities in the dedicated freight corridor project between Delhi and Mumbai.business Updated: May 27, 2010 22:00 IST
State-owned GAIL (India) Ltd plans to invest over Rs 20,000 crore in setting up gas based power projects along with associated infrastructure facilities in the dedicated freight corridor project between Delhi and Mumbai.
A senior GAIL official said investments would include setting up a pipeline distribution network to supply gas to industries coming up in the Delhi-Mumbai Industrial Corridor (DMIC) region. In addition, GAIL, which is actively considering entry into power sector, also proposes to set up gas based power projects jointly with the Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) — the agency developing this corridor.
B.C. Tripathi, chairman and managing director, GAIL, said the investment would run anywhere above Rs 20,000 crore and that his company was in discussions with DMICDC to execute a co-operation agreement for these projects.
He said DMICDC has planned six gas based power projects of 1,000 MW each for supplying electricity in DMIC Region. “We can do a few of these power projects jointly with DMICDC besides supporting it in sourcing and supplying of natural gas for all the power projects.”
Also, as a huge potential exists for developing city gas distribution network including connectivity to small scale industries and commercial establishments along the DMIC region, GAIL may form a JV company for city gas distribution and CNG network along the proposed development nodes in DMIC.
The 1,483 km long dedicated freight corridor (DFC) between Delhi and Mumbai will have 11 investment regions (spread over 200 sq km) and 13 industrial areas (over 100 sq km). The corridor will have end terminals at Tughlakabad and Dadri in the National Capital Region of Delhi and Jawaharlal Nehru Port at Mumbai.
The corridor biz
The 1,483 km dedicated freight corridor between Delhi and Mumbai of DMICDC will have 11 investment regions.
Sites for six projects have already been identified in Maharashtra, Gujarat, MP and UP.