The company is developing a FSRU-based LNG re-gasification terminal with JSW Jaigarh Port with a capacity of 4 MMTPA, which will ultimately be expanded to 8 MMTPA.
"We are committed to deliver a commercially viable and environmentally friendly solution to the country. The commencement of the jetty construction work at Jaigarh Port is a major step in the development of the LNG re-gasification project," H-Energy CEO Darshan Hiranandani said.
"The FSRU charter agreement will be the last major milestone in the project. We have 3 shortlisted bidders and are hopeful to finalise this soon," Hiranandani said.
"We hope to commence commercial operations of the LNG facilities before December 2018," he added.
Also Read
Once operational, this will be the fifth LNG import terminal on the west coast. The west coast already has four LNG import terminals including: Dahej and Hazira in Gujarat; Dabhol in Maharashtra and Kochi in Kerala. Jaigarh also houses the 5 million tones Dabhol LNG terminal operated by gas utility Gail India.
According to the agreement, Jaigarh Port shall manage the construction of the jetty civil works and has appointed L&T Infrastructure Engineering Ltd., Chennai for jetty design.
The civil construction works of the LNG jetty has been awarded to ITD Cementation, Mumbai. H-Energy and Jaigarh Port have jointly appointed COWI India Private Limited, Chennai to supervise the jetty construction.
H-Energy through its gas marketing company is negotiating medium and short term LNG sourcing and downstream gas supply contracts providing end-to-end gas solutions to the downstream customers.
Disclaimer: No Business Standard Journalist was involved in creation of this content