Impetus for NE India as cabinet approves Rs 5,559 crore for natural gas pipeline grid

Impetus for NE India as cabinet approves Rs 5,559 crore for natural gas pipeline grid

GUWAHATI: Cabinet approves Rs 5,559 crore capital grant to Indradhanush Gas Grid Limited (IGGL) for setting up of North-East Natural Gas and Pipeline Grid.

The entire project which will see 1,656 km long pipeline is expected to cost Rs. 9265 crore.

The project apart from developing an industrial climate in the region will generate employment and contribute towards economic growth. Expansion of the North-East Natural Gas grid though IGGL will further increase the share of clean fuels in India’s energy basket other than being in line with PM Modi’s vision of ‘Purvodaya-Rise of the East.’

Minister of Petroleum & Natural Gas and Minister of Steel, Government of India, tweeted, "The VGF to IGGL will help in providing uninterrupted supply of natural gas to the people of 8 states of North-East region and help develop an industrial climate without impacting the environment. It will also boost job opportunities and further spur economic growth in the region."

"Thank the #CCEA chaired by Hon. PM Shri @narendramodi for providing impetus to the North East Gas Grid Project of Indradhanush Gas Grid Ltd.(IGGL) by sanctioning Viability Gap Funding at 60% of the estimated cost of Rs. 9265 Crore (including Interest during construction)," he added.

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