The Delhi Development Authority (DDA) approved a new policy for the e-auctioning of compressed natural gas (CNG) station sites in the national capital on August 10, 2021. Under the decision, DDA will allot sites to individuals or gas distribution companies through the auction mode on a license basis. Under the new policy, the tenure of the license has been extended to 10 years against the existing five years and the license fee has also been fixed.
In order to promote green fuel in the capital city, DDA has decided to grant a discount of 50 per cent on the value of land in fixing the reserve price. The authority has said that the new policy will encourage private investment by improving the environment of certainty and allowing all gas distributing companies to participate in the auction of the CNG station site.