For bringing in close to six million tonne of LNG every year over a 20-year period beginning 2016-17, GAIL (India) has entered into a $60-billion (about Rs 3.80 lakh crore) deal with two US-based companies. GAIL is the first Asian company to buy LNG from the US.
Tag: Infrastructure Today
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Gas-based project in Orissa
Now decks have been cleared for establishment of a 423 MW gas-based power project in Orissa, at an investment of Rs 3,106 crore. JGreen Power has come forward with its proposal for the project
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Rise in KG-D6 output expected
As Reliance Industries and its partner BP plc of the UK are working together, they may have been able to arrest the steep decline in output from their main gas field in the eastern offshore KG-D6 fields.
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Oil firms to acquire foreign debt funds
To reduce pressure on the current account deficit (CAD), Centre has asked the state-owned power firms to utilise foreign debts to fund their foreign acquisitions completely.
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India to build its first oil storage facility soon
ndia will build its first strategic oil storage facility by January, Union Oil Minister M Veerappa Moily said. India, which is 79 per cent dependent on imports to meet its crude oil needs, is building underground storages at Visakhapatnam in Andhra Pradesh
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CIL awaits clearances for 241 projects
For its 241 projects, Coal India (CIL) is awaiting environment and forestry clearances. At present, 48 environmental clearance proposals, having a capacity of about 109 million tonne per year, are awaiting clearances at different levels.
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Mega refinery project in Rajasthan
The Union Cabinet has recently approved the proposal of Hindustan Petroleum Corporation (HPCL) to set up a 9 mmtpa greenfield refinery-cum-petrochemical complex in Barmer district in Rajasthan.
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CMPDI data on shale gas
Central Mine Planning & Design Institute (CMPDI) submitted data package for six shale gas blocks to the Directorate-General of Hydrocarbons.
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Govt mulls infrastructure trust fund
The Union government is mulling to set up an infrastructure trust fund by next November. The fund will be on the lines of fiscal funds set up by real estate investment trusts in Singapore and some other countries.
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Pvt firms to invest Rs. 4,250 cr in 6 airports
Private companies are likely to invest Rs 4,250 crore in airports at Chennai, Lucknow, Kolkata, Ahmedabad, Guwahati and Jaipur. The Union government has identified these airports for privatisation in the current financial year.