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GAIL to Set Up 26 Bio CNG Plants in JV Partnership in 2-3 Years

State-owned GAIL (India) Ltd. plans to set up around 26 Bio CNG plants over the next two to three years, both as producers as well as joint venture partners with raw material suppliers or biogas producers.

 

The company has issued an Expression of Interest across India, for companies qualifying with certain parameters to form joint ventures for raw materials such as paddy straw, municipal solid waste and sugarcane press muds. The company alongwith joint venture partners is likely to invest up to Rs 13 billion, including equity contributions of 30%.

 

Earlier, in February, Gail announced plans to import ethane from ethane-surplus countries to be transported through its pipeline systems to demand centres.

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