Oil India Limited (OIL) and North Eastern Electric Power Corporation Limited (NEEPCO) have extended their gas supply agreement for another 15 years. OIL will supply 1.4 MMSCMD of natural gas to NEEPCO’s Assam Gas Based Power Station (AGBPS) in Bokuloni, Dibrugarh. This new agreement ensures continued power generation for the region, building on a prior 10-year arrangement between the two companies.
Continued Gas Supply to Assam Power Plant
Oil India Limited (OIL) has formalized an agreement with North Eastern Electric Power Corporation Limited (NEEPCO), extending their existing Gas Sale and Purchase Agreement (GSPA). This new agreement ensures a consistent supply of natural gas to NEEPCO’s Assam Gas Based Power Station (AGBPS) located in Bokuloni, Dibrugarh.
Key Terms of the Agreement
Under the terms of the agreement, Oil India Limited will supply 1.4 MMSCMD (Million Metric Standard Cubic Meters per Day) of natural gas to NEEPCO. The duration of this extended agreement is 15 years, ensuring a long-term, stable supply of gas for power generation.
Strategic Importance
The AGBPS is a significant gas-based power plant in Assam, playing a crucial role in meeting the region’s power demand. This agreement demonstrates Oil India’s commitment to ensuring sustained gas supply using its domestic resources. It also supports regional energy security and promotes affordable, clean energy solutions for the Northeast.
Executive Perspectives
The agreement was officially executed by the Executive Director (Business Development) of OIL, Sh Ranjan Goswami, and the Executive Director (Operation & Maintenance) of NEEPCO, Sh Bijit Kumar Goswami, at the AGBPS office in Bokuloni, Dibrugarh, Assam.
Source: BSE
