Andhra Pradesh govt to bid for oil and gas blocks under Nelp-8 - Livemint

Hyderabad: The Andhra Pradesh government will participate in the country’s largest auction of oil and gas blocks through the eighth round of the New Exploration Licensing Policy (Nelp), two senior state officials said. This would make Andhra the second state in India after Gujarat to bid for oil and gas blocks through Nelp.

More on Knuckle Boom Crane

“The chief minister Dr. Y.S. Rajasekhara Reddy has asked two of the government corporations, AP Industrial Infrastructure Corp. Ltd (APIIC) and AP State Power Generation Corp. Ltd (AP Genco), to form a joint venture,” said an official at the chief minister’s office, or CMO. The state government has instructed the two corporations to “appoint a leading domestic or international consultant to prepare a detailed roadmap before participating in the Nelp bids,” said a top APIIC official. Both the officials didn’t want to be named.

Full Story: Andhra Pradesh govt to bid for oil and gas blocks under Nelp-8 - Livemint