Gujarat gas grid recognition

Vol 15, PW 24 (14 Jun 12) News in Brief
     

When foreign investors talk of bureaucracy and slow decision-making as a reason not to invest in India they need look no further than the Petroleum & Natural Gas Regulatory Board.

More than three years after Gujarat State Petronet made a routine application for legal recognition of its 2239-km high pressure gas grid the PNGRB this month (June 7) belatedly told the GSPC pipeline subsidiary that its pipeline is now officially recognised! “The Board has decided to grant authorisation subject to GSPL submitting a performance bank guarantee of Rs20cr ($3.5m),” writes PNGRB secretary Ratan Watal to GSPC managing director Tapan Ray. “Kindly submit the bond within 15 days (June).

” Gujarat Petronet applied for authorisation of its Rs4319cr ($785m) pipeline grid on December 6, 2008. Running from Mehsana in north Gujarat to Vapi in the south, Jamnagar in the west to Halol in the east, the 35m cm/d capacity grid can handle a maximum 98-bar pressure through six to 30-inch diameter pipes.