IFC agrees to invest 30 pc in AP Gas Distribution

The International Finance Corporation (IFC) has agreed to invest 30 per cent in Andhra Pradesh Gas Distribution Corporation (APGDC).

IFC Regional Head Jessical Jolen today held a meeting with Chief Minister N Chandra Babu Naidu here, an official release said.

Both of them agreed to have partnership by IFC in APGDC.

Naidu expressed his desire to supply CNG (Compressed Natural Gas) in all towns and cities in the state and asked FC officials to provide plans for supply of LPG for all houses and also industries and for transport sector through pipelines, it said.

Jolen explained their experience in the field of Gas supply for about 40 years.