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NGC Energy to build Rs 400 cr LPG terminal in Krishnapatnam Port
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SME Times News Bureau | 08 Nov, 2019
Overseas firm NGC Energy India is putting up a Rs 400-crore 30,000 ton
liquified petroleum gas (LPG) import and storage terminal at
Krishnapatnam Port in Andhra Pradesh, a senior group official said on
Friday.
NGC Energy is a 60:40 joint venture between the
Oman-based National Gas Company (NGC) and the Singapor-based Petredec
India Pte Ltd, National Gas Company CEO Nalin Chandna told media here.
According
to him, the refrigerated LPG import and storage terminal has a storage
capacity of 30,000 tons and a throughput capacity of 1.4 million tons
per annum for servicing the public and private sector companies in the
hinterland.
Chandna said India is the second largest LPG market
and the group is enthused by the ruling BJP government's initiatives
regarding this sector.
"The terminal will be ready in 2021.
Orders for civil construction will soon be given. Similarly, orders for
long delivery items will also be awarded," he added.
According
to Sanjeev Kumar Sinha, Chief Operating Officer of NGC, a public sector
oil major will be using the terminal so as to meet the LPG demands in
Andhra Pradesh and Telangana.
On the choice of the Krishnapatam Port, Sinha said the port tops in the ship turnaround time and has a deep draft.
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