Indian Oil to set up LNG re-gasification terminal and gas-based power plant at Ennore and gas pipelines for distribution

IOC to set up Rs 3,000-cr LNG terminal at Ennore


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The Ennore gas terminal is expected to be commissioned by 2014-2015
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Chennai, Aug. 4 :: Indian Oil Corporation today signed an MoU with Tamil Nadu Industrial Development Corporation Ltd (TIDCO) to set up a Rs 3,000-crore LNG re-gasification terminal and gas-based power plant at Ennore and gas pipelines for distribution.

The MoU was inked today by Mr B.M. Bansal, Chairman, IndianOil and Mr Rajeev Ranjan, Principal Secretary, Department of Industries and Chairman, TIDCO, in the presence of State Chief Minister, Mr M Karunanidhi, and the Deputy Chief Minister, Mr M.K. Stalin.

The Ennore gas terminal is expected to be commissioned by 2014-2015. With a potential to transform the energy landscape of Tamil Nadu, Karnataka, Andhra Pradesh and Puducherry, this MoU encompasses setting up a 2.5 million tonnes per annum LNG terminal. The capacity of this terminal can be later increased to 5 mt.

The complex at Ennore will also include a 1,000 MW LNG-based power plant that is likely to cost around Rs 5,000 crore driven by the LNG re-gasification terminal and gas-based power plant, Ennore will become a Special Economic Zone, that will spawn a grid of gas pipelines criss-crossing the demand centres across Tamil Nadu and other Southern States.

“This will spur city gas distribution and boost industrial activity in the region,” says a press release from IOC.
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Source: Hindu