Oil India, NEEPCO Ink 15-Year Gas Supply Agreement
POWER & RENEWABLE ENERGY

Oil India, NEEPCO Ink 15-Year Gas Supply Agreement

Oil India Ltd (OIL) on Monday announced that it has signed a long-term Gas Sale and Purchase Agreement (GSPA) with North Eastern Electric Power Corporation (NEEPCO) for the continued supply of 1.4 million metric standard cubic metres per day (MMSCMD) of natural gas.

Under the new pact, OIL will supply gas to NEEPCO’s Assam Gas-Based Power Station (AGBPS) at Bokuloni in Dibrugarh district for another 15 years, extending their existing 10-year arrangement.

“The new 15-year agreement succeeds the earlier 10-year deal, ensuring uninterrupted energy supply to the region,” OIL said in an official statement.

Through this partnership, OIL and NEEPCO aim to enhance energy security in Assam and the Northeast, supporting India’s goal of ensuring affordable and clean energy access.

The AGBPS, Assam’s largest gas-based power station, plays a key role in meeting the region’s electricity demand. The station relies on OIL’s consistent natural gas supply to maintain stable operations and meet growing consumption needs.

“The signing of this extended-term agreement reaffirms OIL’s commitment to leveraging its robust reserve base and production capabilities to ensure a sustainable gas supply from domestic sources,” the company added.

The long-term arrangement strengthens both organisations’ contributions to regional energy reliability, while aligning with India’s broader clean energy and sustainability goals.

Oil India Ltd (OIL) on Monday announced that it has signed a long-term Gas Sale and Purchase Agreement (GSPA) with North Eastern Electric Power Corporation (NEEPCO) for the continued supply of 1.4 million metric standard cubic metres per day (MMSCMD) of natural gas. Under the new pact, OIL will supply gas to NEEPCO’s Assam Gas-Based Power Station (AGBPS) at Bokuloni in Dibrugarh district for another 15 years, extending their existing 10-year arrangement. “The new 15-year agreement succeeds the earlier 10-year deal, ensuring uninterrupted energy supply to the region,” OIL said in an official statement. Through this partnership, OIL and NEEPCO aim to enhance energy security in Assam and the Northeast, supporting India’s goal of ensuring affordable and clean energy access. The AGBPS, Assam’s largest gas-based power station, plays a key role in meeting the region’s electricity demand. The station relies on OIL’s consistent natural gas supply to maintain stable operations and meet growing consumption needs. “The signing of this extended-term agreement reaffirms OIL’s commitment to leveraging its robust reserve base and production capabilities to ensure a sustainable gas supply from domestic sources,” the company added. The long-term arrangement strengthens both organisations’ contributions to regional energy reliability, while aligning with India’s broader clean energy and sustainability goals.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Sabarmati Riverfront Two Plots Up for Auction at Rs2.24 bn Base Price

Two commercial plots on the western bank of the Sabarmati Riverfront will be auctioned with a base price of Rs 112 crore each, equivalent to Rs 1.12 bn apiece and Rs 2.24 billion in total. The parcels are located adjacent to the Metro Rail Bridge in Ahmedabad and form the first commercial offering after a prolonged pause. The Riverfront Development Corporation has framed the sale as part of a phased commercial release to revive development along the riverfront. The combined base valuation has been set by the corporation to reflect market rates along the riverfront. The corporation has fixed a ..

Next Story
Infrastructure Urban

Andhra Pradesh to Connect Over One Million Streetlights

Andhra Pradesh will undertake a statewide smart streetlighting programme across all 123 Urban Local Bodies (ULBs), bringing around 1.05 million (mn) streetlights under an AI enabled monitoring and management system. The programme will be implemented by Energy Efficiency Services Limited (EESL) with the Commissioner and Director of Municipal Administration under the state Municipal Administration and Urban Development Department. The project aims to convert conventional streetlighting into a digitally managed municipal service monitored and maintained remotely. The initial phase will cover abou..

Next Story
Infrastructure Urban

AMC To Procure Four Machines For Guard Rail Cleaning

Ahmedabad Municipal Corporation will introduce four specialised machines for cleaning guard railings along major roads and the central verges of BRTS and Metro corridors. The civic body plans to replace manual labour with mechanised cleaning to improve maintenance of road infrastructure and greenery. The purchase is estimated at Rs 82.8 million (mn), excluding GST. The proposal sets the base price of each machine at about Rs 20.7 million (mn) so four units total Rs 82.8 million (mn) before GST. 18 per cent GST will be applicable separately. During the warranty period each machine will operate ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement