Adani ports inks pact with IOC for LNG re­gasi­fi­ca­tion

Millennium Post - - BUSINESS -

NEW DELHI: Adani Ports and Spe­cial Eco­nomic Zone (APSEZ) on Mon­day said it has en­tered into a pact with In­dian Oil Cor­po­ra­tion to pro­vide LNG re­gasi­fi­ca­tion ser­vices at its im­port ter­mi­nal in Odisha.

As per the con­tract, IOC has booked 3 mil­lion tonnes per an­num (MTPA) re­gasi­fi­ca­tion ca­pac­ity spread over 20 years, APSEZ said in a state­ment.

"APSEZ...HAS signed a long term agree­ment with IOC to pro­vide Liq­ue­fied Nat­u­ral Gas (LNG) re­gasi­fi­ca­tion ser­vices on a use or pay ba­sis to the state-run re­finer, at its up­com­ing LNG im­port ter­mi­nal at Dhamra in Odisha," the com­pany said.

IOC plans to sup­ply gas to its re­finer­ies in Paradip in Odisha and Hal­dia in West Ben­gal.

"We are pleased to part­ner with In­dian Oil by sign­ing this long term agree­ment. In­dia lacks ad­e­quate LNG im­port in­fras­truc­ture at present and I am con­fi­dent that this project will play a key en­abling role for in­creas­ing gas con­sump­tion in that part of the coun­try. In fact, the ter­mi­nal will play a strate­gic role in gas sup­ply to Bangladesh and Myan­mar as well," said Karan Adani, CEO, APSEZ.

The foun­da­tion stone of the project was laid in July 2017 and con­struc­tion has com­menced by in­fras­truc­ture firm Larsen & Toubro (L&T), win­ning the con­tract to set up the tank­ages for gas stor­age. The ter­mi­nal is ex­pected to be com­mis­sioned dur­ing the sec­ond half of 2021.

APSEZ said the pro­posed Dhamra LNG im­port ter­mi­nal is de­signed for an ini­tial ca­pac­ity of 5 MTPA, ex­pand­able up to 10 MTPA.

"Ini­tially, it will have two full con­tain­ment type tanks of 1,80,000 m3 ca­pac­ity each. It will be first of its kind in In­dia and sec­ond LNG ter­mi­nal on the east coast af­ter IOC'S En­nore ter­mi­nal in Tamil Nadu," the com­pany said.

It said the com­pany will have a jetty ca­pa­ble of han­dling a wide range of LNG sup­ply ves­sels, in­clud­ing the largest Q-max fleet from Qatar. The ter­mi­nal will be ca­pa­ble of reload­ing LNG to ser­vice prox­i­mate mar­kets via the marine route and will also have truck load­ing gantries to help grow the nascent but ex­cit­ing LNG by truck mar­ket.

Head­quar­tered in Ahmed­abad, the $12-bil­lion Adani group has op­er­a­tions across the world and APSEZ has 10 strate­gi­cally lo­cated ports and ter­mi­nals on both the west­ern and eastern coast­line of In­dia - Mun­dra, Da­hej, Kandla and Hazira in Gu­jarat, Dhamra in Odisha, Mor­mu­gao in Goa, Visakha­p­at­nam in Andhra Pradesh, and Kat­tupalli and En­nore in Chen­nai - rep­re­sent­ing 24 per cent of In­dia's to­tal port ca­pac­ity. NEW DELHI: The gov­ern­ment is plan­ning to in­stall over 4,000 mo­bile tow­ers in Nax­al­hit ar­eas in 10 states to im­prove tele­com net­work in such places, of­fi­cials said.

The Tele­com Com­mis­sion has ap­proved the pro­posal to in­stall the 4,072 mo­bile tow­ers in the 10 states under the mo­bile tower phase-ii scheme and a cab­i­net note is be­ing cir­cu­lated for it.

The ap­proval of the Union cab­i­net is ex­pected any time soon, a home min­istry of­fi­cial said.

In the first phase, which was com­pleted about two years ago, 2,329 mo­bile tow­ers were in­stalled at a cost of Rs 3,167 crore in Andhra Pradesh, Bihar, Ch­hat­tis­garh, Jhark­hand, Mad­hya Pradesh, Ma­ha­rash­tra, Odisha, Te­lan­gana, Ut­tar Pradesh and West Ben­gal.

The ad­di­tional tow­ers will strengthen the tele­com net­work re­sult­ing in in­creased mo­bile pen­e­tra­tion in Left Wing Ex­trem­ism-af­fected and other ar­eas fac­ing se­cu­rity chal­lenges.

The ex­act cost of the fresh en­deav­our is not im­me­di­ately known but the ex­penses are ex­pected to be borne by the Uni­ver­sal Ser­vice Obli­ga­tion Fund (USOF) of the Depart­ment of Telecom­mu­ni­ca­tions.

The op­er­a­tional ex­penses for run­ning the tow­ers will be part of the project cost, the of­fi­cial said.

Of the 4,072 mo­bile tow­ers, 1,054 will be in­stalled in Jhark­hand, 1,028 in Ch­hat­tis­garh, 483 in Odisha, 429 in Andhra Pradesh, 412 in Bihar, 207 in West Ben­gal, 179 in Ut­tar Pradesh, 136 in Ma­ha­rash­tra, 118 in Te­lan­gana and 26 in Mad­hya Pradesh.

The ob­jec­tive of the USOF is to pro­vide wide­spread and non-dis­crim­i­na­tory ac­cess to qual­ity In­for­ma­tion and Com­mu­ni­ca­tions Tech­nol­ogy (ICT) ser­vices at af­ford­able prices to peo­ple in ru­ral and re­mote ar­eas.

Besides, the fund is aimed at pro­vid­ing ef­fec­tive and pow­er­ful link­age to the hin­ter­land thereby main­stream­ing the pop­u­la­tion of ru­ral and re­mote parts of the coun­try.

Giv­ing de­tails of the de­vel­op­men­tal ac­tiv­i­ties in Nax­al­hit ar­eas, an­other of­fi­cial said a to­tal of 4,544 km of roads have been con­structed till March 1, 2018, out of the sanc­tioned 5,422 km roads.

An ad­di­tional 5,411 km roads are planned to be con­structed at a cost of Rs 10,780 crore.

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