Real estate firm Hiranandani Group has awarded a contract to Sener-Afcons J.V. For an 8 million tonnes per annum LNG import, storage and regasifications terminal at Jaigadh port at Ratnagiri in Maharashtra.
"H-Energy Gateway Private limited (HEGPL), a Hiranandani Group Company, has issued a Letter of Award to Sener-Afcons J.V. For the EPC contract for an 8 million tonnes per annum LNG import, storage and regasifications terminal," the group said in a statement.
This will be the first truly merchant terminal in India which will function exclusively on a tolling model.
The Front End Engineering and Design (FEED) of the project was carried out by Hyundai Engineering and reviewed by WorleyParsons.
Bids for the offshore supplies and the EPC works were invited from international and domestic EPC companies in August 2013 and were evaluated by the HEGPL project team with the support of HR Wallingford and WorleyParsons, its technical advisors.
"We are extremely pleased with the technical capability and commercial competitiveness of Sener Afcons and are pleased with the value that this terminal will bring to the market. The project will be able to offer the lowest regasification tariff with the maximum flexibility to its long-term customers," Darshan Hiranandani, Director, H-Energy said.
The facility would be on its way to commissioning in 2018, the statement said.
