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Syama Prasad Mookerjee Port and Hiranandani Group enters into an agreement to build LNG terminal

Kolkata Port Trust, rechristened as Syama Prasad Mookerjee Port, has entered into an agreement with Mumbai based mostly Hiranandani Group to build a jetty based mostly liquefied pure fuel (LNG) terminal at east Midnapur for storage and re-gasification of LNG with a most capability of 5 MMTPA.

The proposed venture entails an funding of round Rs 3900 crore and has an financial worth of about Rs 6000 crore. The terminal is anticipated to present direct employment to about 250 individuals and, oblique employment to 750 individuals, a press assertion issued by the port on Monday said.

The venture had already obtained environmental clearance and SMP has given its NOC on mutually agreed phrases and situations, the discharge added.

The venture is arising on 38 acres of land acquired from the Haldia Development Authority. However, the waterfront space comes below the jurisdiction of SMP, Kolkata.

Apart from the onshore LNG storage and regasification terminal, the venture envisages the event of a 125 km lengthy pipeline from Kukrahati to Itinda in Bangladesh and 225 km lengthy pipeline from Kanaichatta to Shrirampur.

Additionally, some 20 liquid to compressed pure fuel (LCNG) stations may even get commissioned in West Bengal below this venture.
Once commissioned in July 2024, LNG can be utilized as bunker gas for ships and barges within the Hooghly River. Also, it’s going to cater to the necessities of West Bengal and close by states.

Source:newsrush.