(LiveMint)
Energy Infrastructure (India) Ltd (EIL), a 100% subsidiary of the Netherlands-based Energy Infrastructure Butano (Asia) BV has been recently selected by Gujarat government to set up a Liquefied Petroleum Gas (LPG) terminal project at Okha for an investment of Rs700 crore, according to two senior state government officials. The Pradhan Mantri Ujjwala Yojana (PMUY) has given the much needed boost to revive the project in Gujarat that was stuck for some time, they said.
The Okha LPG project has been held for about two decades due to various reasons including technical challenges and site related issues and unfavourable market condition for private companies. EIL in its bid has proposed to set up permanently moored LPG Floating Storage & Off-loading (FSO), Single Point Mooring (SPM) and necessary pipeline infrastructure.
“Presently, the LPG import terminals in the country are less than what is needed to cater to the demand that is growing at a fast pace. To enhance the import capacity of LPG, Gujarat Maritime Board had invited bids from private investors to develop port facilities to handle petroleum products near Okha,” said Mukesh Kumar, vice-chairman and CEO of Gujarat Maritime Board – the regulator for ports and shipping activity in the state.
