IndianOil-Adani wins CNG rights for Ghaziabad
New Delhi   23-Sep-2009
IndianOil, and Adani Energy Ltd consortium has won the rights to retail compressed natural gas, or CNG, to automobiles, and piped gas to industries in Ghaziabad by quoting zero pipeline tariff for the entire 25 years of the licence duration. The petroleum and natural gas regulatory board (PNGRB) on Tuesday opened price bids for Ghaziabad last of the seven cities for which it had called bids for giving out city gas distribution licence, some persons on the board said. They did not want to be identified. The gas regulator, however, cannot issue a licence because of a Delhi high court order restraining it from doing so till the time the court decides on a petition challenging its authority to issue licences. The board had asked the companies to quote only the tariff that they will charge for transporting gas within the perimeters of a city and left the final selling price of the fuel for the companies to decide.