Konkan LNG, a 100 per cent subsidiary of Gail India, will pump in around Rs 3,000 crore to double the capacity at its liquefied natural gas (LNG) terminal at Dabhol in the Konkan region of Maharashtra to 10 million tonne over the next three years.
BC Tripathi, chairman and managing director, GAIL India, said, "We will be investing around Rs. 3,000 crore in Dabhol terminal to increase its capacity to 10 million tonne from the present 5 mt, which is also underutilised now due to the terminal not being an all-weather facility. So, to make the Dabhol terminal an all-season facility, first we will invest around Rs 700 crore to complete the abandoned and semi-finished breakwater. Rest of the investment will go into capacity expansion."
Konkan LNG was created after demerging it from Ratnagiri Gas & Power. Ratnagiri Gas & Power is a joint venture between GAIL India, NTPC and Maharashtra SEB. The JV was created to run Dabhol Power which was abandoned by Enron Corporation early 2000 following its global bankruptcy.
@EPC World Media
