GAIL, NTPC, banks to pump ₹2,000 cr into Dabhol

Both GAIL and NTPC are to pump ₹500 crore each into the separate company formed to take care of the liquefied natural gas (LNG) business of the former Ratnagiri Gas and Power Pvt Ltd (RGPPL), while a consortium of banks will invest another ₹1,000 crore.

The total investment of ₹2,000 crore (lenders will put in the rest) will be used to raise the present capacity of the LNG terminal at Dabhol to 5 million tonnes by 2018. It will also enable upgrading of the plant system (as of today built to supply low-pressure gas for the power plant) and facilitate building of a breakwater that will ensure that the terminal can operate throughout the year, GAIL Chairman and Managing Director BC Tripathi has said.

“Dabhol (terminal) has again started operation after the monsoon, and the first cargo of LNG from British Gas was received a couple of days ago. It is operating at 25-30 per cent capacity right now, and it will go up further,” he said.Tripathi added that the immediate target was to revive and upgrade the terminal and raise its capacity to five million tonnes per annum (for which it has been built) from the current three million tonnes.

https://www.khabarindia.in/gail-ntpc-banks-to-pump-%E2%82%B92000-cr-into-dabhol/