North East Gas Grid Project targets 70% of work in current fiscal

 STAFF REPORTER

GUWAHATI: The 1656-km-long natural gas pipeline NEGG (North East Gas Grid) Project has set a target of completing 70 per cent of its works in the fiscal concluding by March 31, 2023, and the entire project by March 31, 2024. Sources in the Union Ministry of Petroleum and Natural Gas said this. The committed amount for the project in the current fiscal is Rs 3,929 crore.

The NEGG Project has achieved a 50.17 per cent physical target incurring an expenditure of Rs 2236.97 crore, including Rs 1,030 crore VGF (Viability Gas Funding) up to July 2022. The project has completed 411 km of mainline welding and 324 km of pipeline lowering out of the total length of 1656 km of the NEGG project.

The Petroleum and Natural Gas Regulatory Board (PNGRB) authorized the work of the 1,656-km North East Natural Gas Pipeline Grid to Indradhanush Gas Grid Limited (IGGL). The pipeline will traverse through challenging terrains of the Northeast, connecting Guwahati to capital cities/major cities of the region like Itanagar, Dimapur, Kohima, Imphal, Aizwal, Agartala, Shillong, Silchar, Gangtok and Numaligarh.

The Ministry took up the NEGG project connecting all the northeastern states to the National Gas Grid through the Barauni-Guwahati natural gas pipeline as a part of the "Pradhan Mantri Urja Ganga" Scheme. The NEGG Project runs through 12 districts of Assam (726 km), one district of Arunachal Pradesh, two districts of Manipur, four districts of Meghalaya, two districts of Mizoram, two districts of Nagaland, two districts of Sikkim, seven districts of Tripura and two districts of West Bengal. The total capital expenditure of the project is Rs 9265 crore, including the VGF (Viability Gap Funding) of Rs 5,559 crore. IGGL is a joint venture company of IOCL, ONGC, GAIL, OIL and NRL. The government incorporated IGGL on August 10, 2018, towards implementing the Hydrocarbon Vision 2030 for Northeast India.

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