EIL to invest $100mn for LPG terminal at Okha

EIL to invest $100mn for LPG terminal at Okha
EIL to invest $100mn for LPG terminal at Okha

Energy Infrastructure (India) Ltd (EIL), a 100 per cent subsidiary of the Netherlands-based Energy Infrastructure Butano (Asia) BV has been recently selected by Gujarat government to set up a Liquefied Petroleum Gas (LPG) terminal project at Okha for an investment of $100 million, according to two senior state government officials. The Pradhan Mantri Ujjwala Yojana (PMUY) has given the much-needed boost to revive the project in Gujarat that was stuck for some time, they said. The Okha LPG project has been held for about two decades due to various reasons including technical challenges and site related issues and unfavourable market condition for private companies. EIL in its bid has proposed to set up permanently moored LPG Floating Storage & Offloading (FSO), Single Point Mooring (SPM) and necessary pipeline infrastructure. EIL has been awarded on build operate and transfer (BOT) basis. The company has said in its projects to GMB that it aims to tap the LPG-deficient north Indian market by importing close to 800,000 tonnes a year at Okha.

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