Bharat Petroleum will invest Rs. 3,972 crore for development of city gas distribution network in Aurangabad and Ahmednagar

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Aurangabad: Bharat Petroleum Corporation Limited (BPCL), a Maharatna and Fortune Global 500 company has launched City Gas Distribution (CGD) network in Aurangabad and Ahmednagar districts.

The company will invest around Rs. 1,600 crores in the next 5 years and a total of Rs. 4000 crores to complete the completed project. BPCL through wholly owned subsidiary Bharat Gas Resources Limited (BGRL) won the Geographical Areas (GA) of Aurangabad and Ahmednagar during the 9th round of bidding of PNGRB. About 3 lakh PNG connections, 100 CNG filling stations and 350 km of steel pipeline network are planned to be laid over an area of ​​27,178 sq km during the first five years. in GA.

Speaking on the launch of CGD network in Aurangabad, BPCL Executive Director (Gas) Sukhmal Jain said, “Aurangabad and Ahmednagar will enter the era of natural gas as piped natural gas and compressed natural gas network will spread in both the districts. We are delighted. To be a part of this development to help move both districts towards a greener and cleaner fuel, thereby contributing to the company’s holistic vision of “net zero” carbon emissions by 2040 and the global climate Emissions can be cut as a response to the change.

Expanding the reach of PNG and CNG across geographies is a part of our strategy that will lead us to a sustainable planet. Being at the forefront of leading the change in a sustainable manner, all our initiatives aim to provide consumers with energy solutions that are eco-friendly by leveraging talent, innovation and technology.”

Despite the pandemic during the last two years, the company has already started the work of laying steel pipelines for the development of PNG and CNG in the two districts. BPCL has developed 21 CNG stations (15 in Ahmednagar and 6 in Aurangabad) and the process of setting up 40 more CNG stations in both the districts is underway. For industrial consumers, connectivity in the areas of Walunj and Shendre in Aurangabad and Supa in Ahmednagar is expected to be completed by September 2022.

Bharat Petroleum in City Gas Distribution Business

The government has set a vision to make India a gas based economy. The goal is to increase the share of gas in the energy mix from the current 6 percent to 15 percent by 2030. We have already seen a growing demand for natural gas, being a cleaner fuel and of course improving. in supply and distribution infrastructure over the years.

BPCL has emerged as a major player in realizing the dream of gas based economy. After successful bidding by PNGRB, BPCL and its JV in the 11th bidding round, it now has a presence in 48 geographical areas in 94 districts of 18 states to develop City Gas Distribution (CGD) network. The CGD Network project envisages marketing of Piped Natural Gas (PNG) and Compressed Natural Gas (CNG) in the automotive segment to various customers in the domestic, commercial and industrial sectors.

BPCL’s committed investment in CGD network on standalone basis now increased to Rs. 22,000 crores.

CNG is quite economical and environment friendly as compared to conventional liquid auto fuels. It will provide clean cooking fuel at the doorstep of domestic households as well as clean fuel options to commercial and industries.

A Fortune Global 500 company, Bharat Petroleum is the second largest Indian Oil Marketing Company and one of the leading integrated energy companies in India, engaged in crude oil refining and marketing of petroleum products with significant presence in upstream and downstream sectors . oil and gas industry. The company attained coveted Maharatna status, joining the elite club of companies with greater operational and financial autonomy.

Bharat Petroleum’s refineries at Mumbai and Kochi and subsidiary Bharat Oman Refineries Limited at Bina, Madhya Pradesh have a combined refining capacity of about 35.3 MMTPA. Its marketing infrastructure includes a network of establishments, depots, power stations, aviation service stations and LPG distributors. Its distribution network includes over 19,000 power stations, over 6,100 LPG distributorships, 733 lube distributorships, 123 POL storage locations, 53 LPG bottling plants, 60 aviation service stations, 3 lube blending plants and 4 cross-country pipelines.

Bharat Petroleum is integrating its strategy, investment, environmental and social ambitions to move towards a sustainable planet. The company plans to offer Electric Vehicle Charging Stations at around 7000 power stations in the next 5 years.

With a focus on sustainable solutions, the company is developing a vibrant ecosystem and road-map to become a Net Zero Energy Company in Scope 1 and Scope 2 emissions by 2040. Bharat Petroleum is engaging communities by supporting a myriad of initiatives primarily in the areas of education, water conservation, skill development, health, community development, capacity building and employee volunteering. With ‘Energizing Lives’ as its core objective, Bharat Petroleum’s vision is to be the most admired global energy company leveraging talent, innovation and technology.

This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/Newswire)

First published:March 1, 2022, 6:08 pm

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