New Delhi: In a major fillip to the development of a clean fuel ecosystem in Bengaluru, GAIL Gas Limited and Confidence Petroleum India Limited (CPIL) have signed an agreement on Thursday in New Delhi for setting up 100 CNG Stations in Bengaluru to strengthen the CNG network in the city. As part of the agreement, CPIL will set up and operate 100 CNG stations & associated facilities of GAIL Gas Limited in Bengaluru.
GAIL Gas Limited is India's one of the leading most promising city gas distribution company and is a wholly-owned subsidiary of GAIL, while CPIL is India's premier private gas retailer.
GAIL Gas Limited's Chief General Manager & Officer in Charge (Bengaluru) Vivek Wathodkar signed the agreement on behalf of GAIL Gas Limited while CPIL's Chairman & Managing Director (CMD) Nitin Khara inked the agreement on behalf of CPIL. GAIL's Director (Marketing) ES Ranganathan, GAIL Gas Limited's Chief Executive Officer MV Ravi Someswarudu were also present at the occasion along with other officials of GAIL, GAIL Gas and CPIL.
The dealership agreement is for setting up 100 CNG stations in the next 3 years' time span. The new CNG stations will be located in core areas of the city or at CPIL's auto LPG retail outlet sites.
To optimise uptake of CNG and improve the accessibility of CNG fuel for Bengaluru city, GAIL Gas has been adopting various models of CNG dispensing in the city. GAIL Gas has extended its network through company-owned company-operated CNG station model and CNG stations at retail outlets of oil marketing companies. With this agreement, GAIL Gas will increase CNG stations in the city on the dealership model.
In the current scenario, CNG presents an affordable and environment-friendly alternative. The present price of CNG in Bengaluru is Rs 51.50 per kg. Currently, GAIL Gas has installed 55 CNG stations in the city. Addition of another 100 CNG stations through this agreement will develop a strong and convenient network of availability of CNG in the Bengaluru urban and rural district and CNG Sale is expected to increase considerably.
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