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Modi dedicates Vizag petroleum reserve facility to nation

IANS  |  Guntur (Andhra Pradesh) 

on Sunday dedicated to the nation the 1.33 million metric tonnes capacity Visakhapatnam facility of the Indian Ltd (ISPRL).

The facility, developed at a cost of Rs 1,125 crore, has the largest underground storage compartment in the country and is expected to give a boost to the nation's security.

This was one of the three mega projects unveiled by at a ceremony held here.

The also inaugurated Oil and Natural Gas Corp Ltd's Vashishta and S1 development project which has come up at Amalapuram in the Krishna-Godavari Offshore Basin.

The cost of the project is about Rs 5,700 crore. This project will contribute significantly in realising the Prime Minister's vision of reducing by 10 per cent by 2020, officials said.

also laid the foundation stone for setting up (BPCL) Coastal Installation Project at Krishnapatnam. The project, coming up over 100 acres, will be built at an estimated cost Rs 580 crore.

The project will be commissioned by November 2020. Fully automated and state of the art, the Coastal Installation Project will ensure security of the

Speaking on the occasion, Modi said these projects were important not just for but for the security of the entire country.

He said the government was building at different places so that the country faces no shortage of gas, petrol and diesel in emergency situations.

"Work is on to ensure that if necessary the country's petroleum related requirements are met for nearly a month," he said.

Modi said these projects would not only provide direct employment to youth but also give fillip to

The said the government was trying to develop all coastal areas of the country as petroleum hubs.

He said the work of providing free LPG connections to the poor, Dalits and tribals was progressing at a fast space.

He also said that under Ujjwala scheme, 6.25 crore free connections were provided.

mentioned that LPG connections in the country started in 1955. In 60 years 12 crore connections were given but in the last four-and-half years 13 crore new connections were provided.

"In 2014, only 55 per cent people of the country had and this has now gone up to 90 per cent," he added.

and and Union and Civil Aviation were present on the occasion.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, February 10 2019. 17:32 IST