Project News Details
Reverse E-Bidding to ensure adequate Fuel Supplies for Stranded Gas based Power Plants: Piyush Goyal
Three Phases of auction of e-bid Re-gasified Liquefied Natural Gas ( RLNG) have been completed so far and 4th Phase is presently under operation from 1st October, 2016 to 31st March, 2017. Under the 4th Phase, Power System Development Fund (PSDF) support ranging from Rs 0.21 per unit to Rs 0.22 per unit has been secured by the successful bidders in the reverse auction. Shri Piyush Goyal, Minister of state (IC) for Power, Coal, New & Renewable Energy and Mines said this in a written reply to a question in Lok SAbha today.
The Minister further informed the House that the Government has sanctioned a scheme for importing spot Re-gasified Liquefied Natural Gas (RLNG) in 2015-16 and 2016-17 for the stranded gas based power plants as well as for plants receiving domestic gas up to the target Plant Load Factor (PLF), selected through a reverse e-bidding process. The scheme provides for financial support from PSDF (Power System Development Fund).
The Minister further said that the scheme envisages sacrifices to be made collectively by all stakeholders, including the Central and State Governments by way of exemptions from applicable taxes and levies/duties on the incremental RLNG being imported for the purposes.
Punj Lloyd wins Haldia Refinery EPCC Package from IOC
Diversified global conglomerate, Punj Lloyd has announced receiving a lump-sum turnkey contract for the EPCC Package 2 at Haldia Refinery, West Bengal from Indian Oil Corporation Ltd (IOCL) for a value of Rs 1094 crore.
The scope of work for the project involves the Residual Process Design, Detailed Engineering including HAZOP study, engineering, procurement, construction and commissioning of the Sulphur Block comprising the Sulphur Refinery Unit (SRU), Amine Regeneration Unit (ARU), the Sou...
L&T Bags 1700 Cr. International EPC Order for 400 MW Gas Based Power Plant in Bangladesh
Larsen & Toubro (L&T) has received an order valued at around 1700 Crores from Marubeni Corporation, Japan, for setting up the Bibiyana III 400 MW Combined Cycle Power Plant Project of Bangladesh Power Development Board (BPDB).
BPDB awarded the EPC contract for setting up the 400 MW gas based power plant project to Marubeni Corporation of Japan, which in turn awarded the EPC sub-contract to L&T on turnkey basis. This plant will be located at Nabiganj Upzila in H...
IOC Planning Petrochemical Plant in Iran
As per the reports in the media, Indian Oil Corp. (IOC) is planning to build USD 3 billion petrochemicals plant in Iran which will have access to cheap natural gas as its feedstock.
India is planning investments in energy infrastructure in Iran. This includes ports and upstream gas production.
IOC is looking at petrochemicals to drive growth. The company is planning an investment of around USD 4.5 billion in coming years to expand its business.