Punj Lloyd-Limak JV wins Rs 2780 cr pipeline contract in Turkey

Punj Lloyd in joint venture with Limak has bagged a contract worth Rs 2,780 crore ($ 409 million) for constructing a 459-km pipeline (of the 48 inch diameter) for TANAP Gas Pipeline project in Turkey. Punj Lloyd’s value of the contract, which was awarded by TANAP Dogalgaz Iletim AS, amounts to Rs 1,390 crore (USD 204 million).
 
TANAP, the Trans Anatolian Natural Gas Pipeline Project, will be built to transport natural gas emanating from the South Caucasus Pipeline Company (SCPC) pipeline in Georgia and terminating into the Trans Adriatic Pipeline (TAP) in Greece. The total cost of the TANAP project is estimated at $ 10 to $ 11 billion.
 
Punj Lloyd’s scope of the present project (Lot 4) is the second phase of construction from the new Eskisehir Compressor station to the tie-in point of the Trans Adriatic Pipeline (TAP). The proposed natural gas pipeline is of 48” diameter and 459 km in length. The scope also includes 10 Block Valve Stations, Pigging facility (two within Compressor stations, two at pigging stations) and Tie-ins with Metering Stations.
 
Atul Jain, president and CEO, Pipelines and Tankage, Punj Lloyd, said, “This is the second project for Punj Lloyd Limak JV in Turkey. We were then the only Indian contractor to execute the transnational pipeline and even now I am proud to state that we are the only Indian company to win a pipeline TANAP order. With our extensive knowledge of the region’s topography and our internationally recognised best practices, I am confident of executing this pipeline in the given timeframe of 35 months.”
 
The TANAP Project aims to bring natural gas produced from Azerbaijan’s Shah Deniz-2 gas field, and other areas of the Caspian Sea, primarily to Turkey and also on to Europe. The TANAP Project, along with the South Caucasus Pipeline (SCP) and the Trans-Adriatic Pipeline (TAP) form the elements of the Southern Gas Corridor.
 
With this win, the Punj Lloyd Group’s order backlog stands at Rs 23,228 crore.