Status: Planning Stage
Promoter: Mumbai Port Trust
Project: Planning an LNG terminal
Location: Karanja, dist. Raigad, Maharashtra
Cost: Rs. 40 billion
Project Details: The LNG terminal with floating storage and re-gasification unit will be able to handle 5 MTPA. RFQ will be invited shortly to build the terminal. The project is planned for completion in 42 months from zero date. According to media sources, Mumbai Port Trust’s (MbPT) contribution to the project will be around Rs. 7000 million and the land it provides for the LNG terminal, while the remaining portion of the project cost will be funded by the company with which MbPT decides to join hands. The plan is to connect the terminal to the national pipeline grid so that the natural gas can be transported all the way up to Panipat in Haryana. Some companies that may show interest in partnering with MbPT include Reliance Industries (RIL), Gail (India) and Swan Energy. The RFQ will be on the company’s website for 45 days, after which bidders will be shortlisted and asked to submit financial bids. The Port Trust hopes to complete the process of awarding the project by March 2015.