Current Affairs

Govt approved VGF of Rs 5,559 crore Gas Pipeline Project

Current context: The Government has approved the Viability Gap Funding (VGF) of Rs 5,559 crore to build Natural Gas Pipeline Grid covering 8 North Eastern states.
Govt approved VGF of Rs 5,559 crore Gas Pipeline Project
  • This is second such funding by the government for gas pipeline project.
  • The North East Gas Grid project is being implemented by Indradhanush Gas Grid Ltd which is a joint venture company of 5 CPSEs (NRL, OIL, ONGC, IOCL and GAIL).
  • The sanctioned VGF amount will cover 60% of the total cost of the project that is Rs 9256 crore.
  • The 1,656-km pipeline will connect Guwahati in Assam to major cities in the region such as Itanagar, Dimapur, Kohima, Imphal, Agartala and Aizawl.
  • The pipeline project will ensure uninterrupted supply of natural gas to industries, domestic consumers and for transport purposes to establish a clean fuel led economy.

Question: 

Q.1 The government of India has recently approved the Viability Gap Funding (VGF) of ____________ to build Natural Gas Pipeline Grid covering 8 North Eastern states? 
a. Rs 6000 crore
b. Rs 5559 crore
c. Rs 600 crore
d. Rs 559 crore
Govt approved VGF of Rs 5,559 crore Gas Pipeline Project Govt approved VGF of Rs 5,559 crore Gas Pipeline Project Reviewed by Neha Verma on January 09, 2020 Rating: 5

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