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Tuesday, November 4, 2008

GAIL signs co-operation agreement with Government of Himachal Pradesh

GAIL (India) and Government of Himachal Pradesh has signed a co-operation agreement. The co-operation agreement was signed by B.C. Tripathi, director (marketing), GAIL and Manoj Kumar, director industries, Government of Himachal Pradesh in the presence of Prem Kumar Dhumal, Hon'ble Chief Minister of Himachal Pradesh and U.D. Choubey, chairman and managing director, GAIL, Abbay Shukia, additional chief secretary (industries), Himachal Pradesh, Ajay Tyagi, principal resident commissioner, Himachal Pradesh and other senior officials of GAIL and the State Government were also present on the occasion.

The co-operation agreement signed with the department of industries provides for enlisting State level co-operation for extension of the proposed Dadri-Bawana-Nangal natural gas pipeline up-to this region, a joint exercise for assessment of the demand potential of natural gas and allied products in the state of Himachal Pradesh and for looking into feasibility of extending the proposed Dadri-Bawana-Nangal natural gas pipeline upto Himachal Pradesh. The gas pipeline will bring clean and environment friendly fuel to various consumers in the region, which include industrial, domestic and transport sectors. The availability of gas in the region would herald the use of a more efficient energy resource, which will increase the competitive edge of the industries using natural gas.

Under the co-operation agreement, GAIL will use its technical and commercial expertise to study the various options and collate the gas demand potential of the state of Himachal Pradesh. In this regard, GAIL. has already conducted a sample survey of some of industrial areas in Himachal Pradesh.

The company made this announcement during the trading hours today, 04 November 2008.

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