TAMIL NADU

LNG terminal to come up at Kattupalli

Rajeev Ranjan, TIDCO Chairman and Principal Secretary (Industries) showing a copy of an MOU to Chief Minister M. Karunanidhi after signing the MOU with B.M. Bansal, Indian Oil Corporation Chairman,(left), at the Secretariat on Wednesday. Deputy Chief Minister M.K. Stalin and Chief Secretary K.S. Sripathi are in the picture. Photo: R. Ravindran

Rajeev Ranjan, TIDCO Chairman and Principal Secretary (Industries) showing a copy of an MOU to Chief Minister M. Karunanidhi after signing the MOU with B.M. Bansal, Indian Oil Corporation Chairman,(left), at the Secretariat on Wednesday. Deputy Chief Minister M.K. Stalin and Chief Secretary K.S. Sripathi are in the picture. Photo: R. Ravindran  

A Rs.10,000-crore liquefied natural gas terminal will come up at Kattupalli near the Ennore port, on the northern outskirts of Chennai.

To be implemented by the Indian Oil Corporation (IOC) and the Tamil Nadu Industrial Development Corporation (TIDCO), the terminal project has other components – the establishment of a re-gassified facility and a 1,000 megawatt (MW) power project.

On Wednesday, B.M. Bansal, IOC Chairman and Rajeev Ranjan, TIDCO Chairman and Principal Secretary (Industries) of the State government, signed a memorandum of understanding (MoU) at the Secretariat in the presence of Chief Minster M. Karunanidhi, Deputy Chief Minister M.K. Stalin and Chief Secretary K.S. Sripathi.

Mr. Ranjan signed two other MoUs – one for setting up a plant to manufacture electronic products in the State Industries Promotion Corporation of Tamil Nadu (SIPCOT) industrial park in Manamadurai and another for an automotive tyre facility project in Sriperumbudur. Both projects would entail an investment of Rs. 1,500 crore each. JK Tyre & Industries would establish the tyre facility and the Videocon group, the electronic goods plant.

Pradeepkumar N. Dhoot, director of Unity Appliances, a constituent of the Videocon group, and Arun K. Bajoria, president and director of the tyre company, were the other signatories of the MoUs.

The LNG terminal [in Kattupalli] would handle five million tonnes per year and the re-gassified facility's capacity would be 20 million cubic metre per day of natural (vapourised) gas.

The timeframe for implementing the project would be four years from the date of approval by the Board of Directors of the public sector undertaking. The approval was expected by December 2010 or January 2011.

Mr. Bansal said the Kattupalli terminal would be the first along the eastern coast. Already, there were two terminals. The third terminal was coming up in Kochi.

The IOC chairman said 250 acres were required for the terminal project. Asked from where the gas would be imported, he replied that discussions were on with the representatives of the Middle East, African countries and Malaysia.

Raghupati Singhania, vice-chairman and managing director of JK Tyre, said the first tyre would roll out from the plant by October 2011 and the entire project would be completed by March 2012. Green technology would be adopted. An official release said the LNG terminal project was expected to generate 7,000 jobs, the electronic goods project 1,000 jobs and the tyre project about 600 jobs.

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