AG&P to invest $25mn in the Indian state of AP
AG&P Pratham, a unit of Singapore-based AG&P, will invest 2bn rupees ($25mn) in Kadapa district in the state of Andhra Pradesh (AP) over the next five years to develop gas distribution infrastructure, The Hindu reported on August 11.
The company is planning to commission an LCNG plant in Kadapa. The work on the plant started in December last year. ”We will start the supply of natural gas from LCNG station by September,” AG&P Pratham’s regional head (Anantapur and Kadapa) Gumalapalli A. Venkatesh told the media, the newspaper reported.
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AG&P City Gas is developing 12 city gas distribution networks in India under the brand name AG&P Pratham. In its 12 concessions, AG&P is responsible for developing and operating CNG stations for vehicles, PNG to homes, and the distribution of LNG to industrial and commercial customers. City gas projects in India benefit from marketing exclusivity in their designated areas for eight to ten years and construction exclusivity of related infrastructure for 25 years.
Last year, AG&P City Gas received a $120mn investment from Osaka Gas and Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN).