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H-Energy Rs 3,700 crore Bengal LNG project work to start

Press Trust of India  |  Kolkata 

Hiranandani Group-promoted H-Energy which is implementing a Rs 3,700-crore LNG project in will start work by June-July this year, a top said Wednesday.

"We will begin construction of the at Kukrahati estimated at Rs 1,500 crore in June-July this year and will require 18 months to complete," H-Energy, MD and CEO, said at FICCI organised meet here.

He said the legal hurdles in constructing the pipeline are over and the company can start work for the project anytime now.

H-Energy will build a 150-km pipeline from Kukrahati (Haldia to border). H-Energy currently has a 2 million tonne per annum long term supply contract with

Supply to too will begin at 0.5 million tonne per annum in the first year and will be scaled up to 2 million tonne.

A small under water pipeline to Falta will serve as a gate station for supply to Kolkata.

The first phase of the project includes setting up of a terminal at Kukrahati in the Purba Medinipur district of over a 47 acre plot.

The pipeline to Bangladesh will cost Rs 2,200 crore pipeline from Haldia.

"We have decided a model that will transload LNG at Paradip and from there it will transported via smaller vessels to the re-gasification terminal at Haldia for faster execution," Hiranandani said.

The terminal will have an initial capacity of 3 million tone per annum and can be ramped up depending on demand to 5 million tonne per annum.

Meanwhile, commercial operations of its project at Jaigarh (in Maharashtra) is expected to start operation by mid this year, he said. The terminal is a floating storage and regasification unit (FSRU) and is built at a cost of Rs 1,665 crore.

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

First Published: Wed, January 09 2019. 19:20 IST