India has planned to expand the national natural gas pipeline network to 27,000 km from the present 16,200 km. Such large-scale infrastructural growth in the country will bring in newer opportunities and drive the demand for wires and cables.
January 7, 2021
Prime Minister Narendra Modi has inaugurated the 450-km Kochi-Mangaluru natural gas pipeline built at the cost of INR 3000 crore. The PM described the project as an important step towards creating One Nation One Gas Grid — a gas-based economy which will be crucial for Atmanirbhar Bharat.
The Govt. plans to expand the national natural gas pipeline network to 27,000 km from the present 16,200 km. The Center has set a target of raising the share of natural gas in primary energy basket to 15 percent by 2030 from current 6.2 percent. Connecting gas sources to consumption hubs is a key to increase the share of natural gas in India’s energy basket.
The PM said the gas pipeline would make a positive impact on the economic growth of both the states (Kerala and Karnataka), improve the standard of living of people and reduce expenses of both the poor and entrepreneurs alike. The pipeline will supply environment-friendly and affordable fuel in the form of piped natural gas (PNG) to households and compressed natural gas (CNG) to the transportation sector. Natural gas pipeline network would be doubled in 5-6 years; CNG stations will be raised to 10,000 from current 1,500.
The initiative of One Nation One Gas Grid is expected to generate the need for the development of quality electrical infrastructure supporting its growth for several years to come. Moreover, being one of the key segments of power & energy sectors, wire and cable industry is witnessing a push in the demand graph owing to the current growth in the power and energy generation infrastructure in India.
