Staff Reporter | 30 Apr, 2008
Delhi-based private sector refiner Cals Refineries will start the process of dismantling its Bayeroil Refinery in Germany from May this year and will shift the unit to West Bengal, state Industry Minister Nirupam Sen has said.
"The main process units of Bayeroil Refinery would be transplanted from Germany to Haldia in East Midnapore district. The project would take two years to be operational," Sen told reporters here Tuesday.
Cals Refineries has already signed a memorandum of understanding (MoU) with Haldia Development Authority (HDA) and West Bengal Industrial Development Corp (WBIDC) to set up an oil refinery with an initial outlay of Rs.40 billion ($1 billion).
The oil refinery will have five million-tonne capacity per annum.
The refinery unit will also have a 100 MW captive power plant and a photovoltaic cell manufacturing unit.
"Initially, we have given 200 acres at Haldia for the project and another 600 acres would be given to the company over a period of time," Sen said.
