Petroleum and natural gas companies without any experience in executing infrastructure projects will no longer be able to bid for projects under the public private partnership (PPP) model.

In its new pre-bidding guidelines for PPP projects, the Finance Ministry has removed petroleum and natural gas from the definition of core sector, which could be awarded PPP projects.

Also Read   Related Stories News Now - WBTIDC to issue LoI for Rs 130 cr PPP project - Rs 17,935 cr Pune Metro Rail on similar lines to DMRC: Report - Bardhaman health city to come up in PPP mode - Rockworth to invest Rs 80cr in Sri City SEZ - Despite hardsell, Brand UP has few takers

Also Read   Related Stories News Now - Markets end on a strong note - Nabard FY14 operating surplus soars 28% to Rs 1,635 cr - RBI eases banks' term deposit restrictions - NMDC Q4 net down 21.74% to Rs 1,642.28 cr - Balrampur Chini Q4 profit up by 15% More

This means that petroleum and natural gas companies which do not have experience in core sector-- telecom, power, ports, airports, railways, industrial parks, metro rail, logistics park, irrigation, water supply, sewerage and real estate development-- would not be able to compete for PPP projects.

"Definition of PPP and core sectors has been modified... to exclude petroleum and natural gas and include logistics park and metro rail," the guidelines on Request for Qualification (RFQ), that amended norms issued in 2007, said.

Sources said petroleum and natural gas companies were also bidding for infrastructure projects without any experience in executing such projects.

So, guidelines have been amended to allow only those companies having experience in infrastructure projects to compete for PPP projects, the sources said.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end on a strong note - Nabard FY14 operating surplus soars 28% to Rs 1,635 cr - RBI eases banks' term deposit restrictions - NMDC Q4 net down 21.74% to Rs 1,642.28 cr - Balrampur Chini Q4 profit up by 15%

Tags : Infrastructure experience | PPP project | Petroleum companies | public private partnership | Finance Ministry   Read Business news in  Advertisements -  Journey on, We are by Your Side. Click here to know more -  Help a Child Achieve her. Click to know more -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  The Best Seller is Also the No. 1 in Mileage. Click here -  Watch The Film Here. Click here to know more.. -  Leader in Passenger Car & Automobile Tyres. Click here -  1 billion in saving for Unilever without any tangles. -  Learn How One City is Running on FOOD SCRAPS. -  One Partnership Endless Possibilities. Click here to know more -  Helping doctors detect diseases earlier, saving costs & extending lives. -  36 Lakhs can get you a pool of Luxuries. Click here -  Which is the best plan for your daughter -  Check out the TRUE COLOURS of your Stocks, Now for FREE! -  One of the leading business schools in the world.Know More