Guj govt spent Rs 2847.25 cr on KG Basin in 2 yrs: Minister

Gujarat has spent Rs 2847.25 crore in last two years on their ambitious gas exploration project in Krishna Godawari Basin even as the production of oil or gas is yet to take off despite the spending, Energy Minister Saurabh Patel told Legislative Assembly today.
In his written reply to the House, Patel said the State Petroleum Corporation (GSPC) has spent Rs 2847.25 crore for the project in last two years.
Congress MLA and party chief whip Balwantsinh Rajput through a written query during Question Hour asked Patel to provide details about the expenses incurred for the project during the said period.

He also asked government to give details about the quantity of oil or gas acquired till date from the basin.
Giving the break-up, Patel stated while government spent Rs 2052.31 crore during 2013-14, it spent Rs 794.94 crore in 2014-15 (as on December 31, 2014).
On gas and oil details, Patel admitted that production of oil or gas is yet to commence in the block KG/OSN/2001/3.