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IOC revisits Ennore for LNG and power

IOC revisits Ennore for LNG and power

Indian Oil Corporation (IOC) will commission a detailed feasibility report (DFR), which will cost Rs 3-4 crore on a 2.5 mt a year liquefied natural gas (LNG) import terminal at Ennore. The company is also exploring the possibility of setting up a power plant with the terminal. The company is likely to approach NTPC, Tamil Nadu Electricity Board and L&T, besides Petronet LNG for partners for the project. The report will take at least six to nine months to complete. IOC is looking at the possibility of long-term LNG imports, with Qatar on LNG supplies of five mt annually and is also in talks with Australia. IOC will work on land acquisition with Ennore Port. In 2007, IOC had put on hold plans to set up the LNG import-cum-regasification terminal and a 1,000 MW power plant.


Contact: Indian Oil Corporation Tel: +91 11 2626 0000 Web: www.iocl.com

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