Union Petroleum Minister Dharmendra Pradhan said that about 2.5 lakh households in Hyderabad would be provided piped gas supply during the next five years.
Addressing a press conference here on Sunday, the Union Minister said that the Bhagyanagar Gas Ltd was presently supplying gas to 1140 consumers. He said connectivity would be provided to over one lakh users over the next two years and about 2.5 lakh consumers will benefit in the next five years.
Dharmendra Pradhan also informed that Krishna-Godavari Basin was likely to get investment of over Rs. 1 lakh crore over next 5-7 years as ONGC, Reliance Industries Limited and GSPC execute their plans and expand their operations. He hoped that the KG Basin would bring an economic revolution in India with its oil and gas reserves. He said despite being capital intensive and challenging in terms of exploration and extraction of oil and gas, the KG Basin hold immense potential. He said that the KG Basin could lead to generation of huge employment in the country.
The Union Minister said that the Centre would soon complete the laying of Mallavaram to Ramgundam gas pipeline, which would help revive the sick Fertiliser Corporation of India (FCI) unit with the gas from the KG Basin. Another pipeline Paradip to Hyderabad from the Indian Oil Corporation refinery was presently under execution. (INN)