Dec 6, 2011

KSIDC has joined hands with GAIL for a joint venture

KOCHI: Kerala State Industrial Development Corporation Ltd (KSIDC) has joined hands with Gail Gas Ltd to set up a joint venture company to implement Supplementary Gas Infrastructure in the State. The JV company formed is Kerala Gail Gas Limited ( KGGL).

The company's Board pf Directors approved the business plan prepared for the JV Project. This includes promoting city gas distribution projects, laying of spur line to provide last mile connectivity to bulk/large consumers of natural gas, setting up of CNG stations for KSRTC depots, CNG Stations for boat services, marketing of gas related equipments, setting up of captive gas-based power plants, etc.

Kerala Gail Gas Ltd will also set up a Gas Training Institute at Angamaly, near Kochi. For this project, the land will be provided by KSIDC.

The Gas Training Institute will be a Skill Development Centre for technicians and others in the natural gas business and will conduct short-term courses for skill development. The company is planning to promote a gas based power plant for the steel cluster at Palakkad, jointly with the Steel Manufacturers, Association.

Kerala Gail Gas Ltd will establish CNG Stations for KSRTC buses. The CNG Stations will be established in Kochi first since natural gas will be available here within one year time.

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