Hon’ble Chief Minister of Tamil Nadu, Shri M. K. Stalin unveils AG&P Pratham’s INR 1,700 crore investment
Hon’ble Chief Minister of Tamil Nadu, Shri M. K. Stalin unveils AG&P Pratham’s INR 1,700 crore investment com mitment for establishing City Gas Distribution infrastructure in Chennai, Kancheepuram and Chengalpattu Dist ricts
Laid the foundation stone for AG&P Pratham’s Natural Gas City Gate and Mother Station in Sriperumbudur, Kancheepuram District and inaugurated the Company’s first Compressed Natural Gas (CNG) station in Meenambakkam, Chennai
Chennai, 20th July, 2021: With a shared vision of a Clean Energy Future, Hon’ble Chief Minister of Tamil Nadu, Sh ri M.K. Stalin today unveiled the 1,700 crore City Gas Distribution (CGD) infrastructure investment commitment for Chennai, Kancheepuram and Chengalpattu district by AG&P Pratham, the CGD arm of Atlantic Gulf & Pacific (AG&P), Singapore, a leading global downstream gas and LNG logistics company. On the occasion, Hon’ble Shri M.K. Stalin laid the foundation stone for AG&P Pratham’s second City Gate and Mother Station in the State at Vallam-Sriperumbudur, Kancheepuram and inaugurated the commissioning of its first Compressed Natural Gas (CNG) station at Meenambakkam, Chennai.
AG&P Pratham’s City Gate Station will receive natural gas directly from IOCL’s natural gas pipeline and the Mo ther Station will take the uninterrupted supply of the clean fuel to distribute to industrial, commercial and dom estic consumers through a Piped Natural Gas (PNG) and CNG distribution network, opening up a new era of clea n, efficient fuel for the State. CNG is a non-toxic and safer fuel that offers significantly improved mileage and a reduction in maintenance costs with reported increase in savings of up to 40-50% for CNG-fueled auto-ricks ha w drivers, taxi drivers and car rental owners. Similarly, PNG equivalent of a 14.2 kg domestic LPG gas cylinder, offers savings of up to 30-40% in the non-subsidized and 20-30% in the subsidized category.
Speaking at the occasion, Mr. Abhilesh Gupta, Managing Director, AG&P Pratham, said, “We are honored to colla borate with the Gover nment of Tamil Nadu to establish the city gas infrastructure in the ind ustrial hub of Tamil Nadu, an d bring this safe and environmentally-friendly alternative to our customers. Our second City Gate and Mother Station in the State will provide power plants, industrial, commercial and domestic consumers uninterrupted access to this comp etitive fuel. In addition, over the next eight years, as part of our investment com mit ment, we will be commissioning a ne twork of 113 CNG stations and in stalling 11,50,000 domestic PNG connections in part of Chennai, Kancheepuram and Chengalpattu district. We are foc used on achieving the State’s mission to transform into a gas-based economy and hope that the wide availability of natu ral gas will spur even more manufacturing while simultaneously generating employme nt for over 3,400 people and tr igger overall economic and social progress with healthier air.”
In February this year, AG&P Pratham signed an MoU with the Government of Tamil Nadu to invest INR 2,700 crores over the next eight years to build CGD networks in districts of Chennai, Kancheepuram, Chengalpattu, Vellore, Ranipet, Thirupathur and Ramanathapuram. Of this, AG&P committed to invest INR 1,700 crores for establishing the CGD infrastructure in a part of Chennai, Kancheepuram and Chengalpattu districts, the indus trial hub of Tamil Nadu.
Since 2018, AG&P Pratham was awarded 3 concessional areas comprising of 6 districts and part of Chennai di strict in Tamil Nadu by the Petroleum and Natural Gas Regulatory Board (PNGRB) for the development of CGD infrastructure and natural gas market. AG&P will be supplying PNG to 20 lakh households, 10,000 commercial establishments, 150 industrial enterprises and operate over 200 CNG stations in the State in coming years.
About AG&P Pratham
AG&P Pratham, India, is the City Gas Distribution (CGD) arm of the Singapore-based AG&P Group, a leading do wnstream LNG and gas logistics company. We distribute LNG and natural gas from our terminals to our end-cu stomers across the power, industrial, commercial, domestic and transport sectors. AG&P holds 12 CGD licenses awarded by the Petroleum & Natural Gas Regulatory Board (PNGRB) to exclusively provide natural gas for ever yday use in 32 districts in Tamil Nadu, Andhra Pradesh, Karnataka, Kerala and Rajasthan. The exclusive rights co ver the supply of Piped Natural Gas (PNG) to households, industrial, commercial, non-commercial and non-do me stic exempt commercial (NDEC) establishments, as well as Compressed Natural Gas (CNG) for use in vehicles. These CGD networks will cover 278,000 square kilometers, 17,000 inch-km of pipeline and over 1,500 new CNG stations.
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