Black and Veatch bags order from IOC

Black and Veatch, engaged in project solutions in power, oil and gas, today said a consortium led by it with KSS Petron has bagged a contract from Indian Oil Corporation for the Liquified Natural Gas terminal at nearby Ennore.
However, the value of the contract was not disclosed.
"Black and Veatch, a global leader in delivering 'concept to commissioning' project solutions in the segments of power, oil and gas, today announced that a consortium led by it with KSS Petron, has won the contract for a new liquefied natural gas (LNG) receiving terminal at Ennore. The contract was awarded by IndianOil Corporation," a company statement said.

The company would lead the engineering, procurement and construction. The plant is scheduled to be completed by 2018.
"The Ennore LNG Project is vital for gas supply and furthers our established brand as a proven tier-one global EPC provider", Black and Veatch India Managing Director G Sathiamoorthy said.
The board of Indian Oil Corporation had last year approved the Rs 5,150 crore LNG terminal coming up at Ennore. The five million tonne LNG terminal would be the first such infrastructure on the Eastern Coast of India.
IndianOil Corporation and Tamil Nadu Industrial Development Corporation signed a memorandum of understanding for the project in 2012.

IOC holds 45 per cent stake in the Joint Venture while TIDCO has five per cent. IOC also plans to partner with several companies for the project.