IDCO, IOCL ink MOU to develop network for piped gas supply
This system would lead to GSDP growth: Minister
THE long wait for gas cylinder will end soon as cooking gas will be available at door steps through pipes. Odisha Industrial Infrastructure Development Corporation (IDCO) today signed an MoU with Indian Oil Corporation Limited (IOCL) to jointly promote necessary infrastructure in the State for distribution of Natural Gas to industries and City Gas Distribution (GSD) through pipes.
Industry Minister Niranjan Pujari who was present during the signing of MoU, hoped that this system would lead to growth in gross state domestic product (GSDP) and also attain the height of Gujarat in the field of Natural Gas in the eastern sector. He, however, emphasised production of Green Gas in view of its demand in near future.
Chief Secretary J K Mohapatra said that with this system, Natural Gas will be conveniently available and it is cost effective. For facilitating the use of industry and household sector, the State would partner and provide support to the IOCL.
Executive Director (Gas) of IOCL AK Marchanda said Liquefied Natural Gas (LNG) terminal at Dhamara would be commissioned in 2018 with an investment of Rs 5,000 crore. By the time the terminal is commissioned, city gas distribution would be functional in the State. Two pipelines are being laid for the State, one from Surat to Paradip and another from Haldia to Kakinada running through the State. With the completion the pipeline laying work, distribution of Natural Gas to industries and households would be accelerated, Marchanda said.
Debashis Nanda, a senior official, projected that Odisha would emerged Gujarat of the East. As Gujarat launched activities on Natural Gas for the first time in the West, Odisha would initiate similar steps in the eastern part. The first LNG terminal in the eastern India would come up at Dhamara. The State having maintained growth rate of nine per cent has long coastline, which will adequately help the State scale up different activities, Nanda said.
Principal Secretary of Industry Department Parag Gupta described the MoU as a milestone and said that it would drive growth of the State.
The MoU signed was described as an umbrella of joint ventures through which joint assessment of the requirement and demand of natural gas would be conducted. Accordingly, necessary infrastructure for making gas available at the demand centres could be developed. This would give a fillip to the energy security in the State through clean and green energy and boost fertiliser, power and petrochemicals and downstream industries in metal sector and also promote utilisation of compressed natural gas ( CNG) in transportation sector as well.
However, the IOCL sources revealed that due to significant growth of natural gas in last two decades, it has emerged as the primary source of energy. While share of natural gas has gone up by 4 per cent, oil has witnessed drop by 2 per cent.
CMD of IDCO Vishal Dev and Executive Director of IOCL Marchanda signed MoU. Among others Chief Executive Officer S K Mohapatra of DPCL was present in the signing ceremony.