PNGRB again extends date for CGD bidding
01/07/2014 16:35
Oil regulator PNGRB has once again extended the bid deadline for licences to retail CNG and piped cooking gas in 14 cities, including Bengaluru and Pune, by one month to August 11, reported PTI. Bid for the latest round of city gas distribution (CGD) licences were originally due on February 11 but the regulator in January extended the deadline to May 12. On April 23, it extended bid deadline to July 10 and now it has further pushed it back to August 11, as per the media reports. PNGRB has again received requests from various prospective bidders/entities such as HPCL, BPCL, ONGC, OIL, Indian Oil-Adani Gas combine, GAIL Gas and Kerala Gail Gas Ltd for further extension of bid closing date ranging from one month to three months, as per the reports in the media. "Considering such requests received from a number of stakeholders/prospective bidders, in the interest of enhancing competition, it has been decided to further revise the time schedule of bid," the Petroleum and Natural Gas Regulatory Board (PNGRB) said in a notice.
01/07/2014 16:35
Oil regulator PNGRB has once again extended the bid deadline for licences to retail CNG and piped cooking gas in 14 cities, including Bengaluru and Pune, by one month to August 11, reported PTI. Bid for the latest round of city gas distribution (CGD) licences were originally due on February 11 but the regulator in January extended the deadline to May 12. On April 23, it extended bid deadline to July 10 and now it has further pushed it back to August 11, as per the media reports. PNGRB has again received requests from various prospective bidders/entities such as HPCL, BPCL, ONGC, OIL, Indian Oil-Adani Gas combine, GAIL Gas and Kerala Gail Gas Ltd for further extension of bid closing date ranging from one month to three months, as per the reports in the media. "Considering such requests received from a number of stakeholders/prospective bidders, in the interest of enhancing competition, it has been decided to further revise the time schedule of bid," the Petroleum and Natural Gas Regulatory Board (PNGRB) said in a notice.
