Gujarat State Petroleum Corporation (GSPC) plans to commission liquefied natural gas terminal with a capacity of 5 million tonne per annum at Mundra by 2015-16, a top state government official said on Monday.
"Some preliminary work for the project has started, site has been identified. It is planned to be commissioned in 2015-16," Gujarat Principal Secretary (Energy) D J Pandian said on the sidelines of a CII conference on shale gas. He added that the entire project cost is estimated at Rs 3,500 crore and GSPC is now looking at preparing detailed project report (DPR) of the proposed LNG terminal, which will be third such project in the state. "Now GSPC will go for the DPR and then issue the EPC (engineering, procurement and construction) contract in 6 months to 1 year's time," Pandian further said. State-ownned GSPC holds 50 per cent stake in the venture, while Adani Enterprises has 25 per cent stake. However, Essar group, the third partner with a 25 per cent stake in the venture, has exited from the proposed LNG terminal. "We are not worried about it, there is lot of interest. In next 6 to 12 months, we will look for the third partner after completing a certain level of work," Pandian said.