Singapore company to set up natural gas distribution infrastructure in Punjab with `2K cr FDI

| | Chandigarh
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Singapore company to set up natural gas distribution infrastructure in Punjab with `2K cr FDI

Friday, 23 November 2018 | PNS | Chandigarh

Singapore-based Think Gas Investments PTE Limited (Think Gas) has decided to establish natural gas distribution infrastructure in Punjab with an expected foreign direct investment (FDI) of Rs 2,000 crore and employment generation potential of more than 1500 jobs.

The proposed infrastructure will be spread across an area of 12,000 square kms covering the districts of Ludhiana, Barnala, Moga, Jalandhar, Kapurthala and SBS Nagar.

The Company aims to transform the energy consumption patterns in the state by penetrating approximately 45 percent of Punjab’s households, in both urban and rural areas, along with its industrial sector, said a government spokesperson.

Think Gas CEO Hardeep Singh Rai met Chief Minister Capt Amarinder Singh on Wednesday to discuss the plans for the next three-four years, and informing that the first phase of their ground operations will start soon.

Extending all support from the government to company for timely implementation of the project, Capt Amarinder directed the Invest Punjab to facilitate all required approvals from concerned authorities for them.

Spokesperson informed that widespread network of piped natural gas will reduce the cost of production for industries in Punjab, and will also improve the quality of life of citizens of the State.

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