Project News Details
Revival of Additional 5 Partly Stranded Gas Based Power Generation Plants
The Government is delighted to announce the revival of an additional 5 partly stranded gas based power generation plants with an installed capacity of 3,455.64 MW which have successfully bid through a transparent and competitive reverse e-auction process. These plants would generate 1.43 billion units of electricity which will be supplied at or below Rs 3.39 per unit to the purchaser Discoms during the period from 1st Oct 2015 to 31st Mar 2016. This will involve government support of Rs. 278.38 crore from the Power System Development Fund. In the auction held today, 11 plants with a cumulative installed capacity of 5,858.67 MW participated in the Technical Bid round and all were declared as Technically Qualified.
The two separate auctions held yesterday (for fully stranded gas based plants) and today (for partly stranded gas based plants) have resulted in revival of a cumulative gas based generation capacity of 11,717.72 MW resulting in generation of additional 12.47 billion units of electricity during the period from 1st Oct 2015 to 31st Mar 2016.
Government of India is committed to the revival of such stranded power plants as a measure to ensure 24X7 power to all.
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.