Whessoe and Punj Lloyd Awarded Dabhol Completion

abarrelfullabarrelfull wrote on 08 Nov 2012 10:05
Tags:


01/07/2006

Punj Lloyd, the Indian engineering and construction company, and joint venture partner, Whessoe UK, said they were awarded a $93 million contract to complete the Dabhol LNG terminal in the western Indian state of Maharashtra. The contract, which was awarded by Ratnagiri Gas and Power Private Ltd., is for engineering, procurement and construction to complete the LNG import terminal connected to a power plant and jetty facilities.

Ratnagiri took over the project from failed US energy giant Enron and restarted part of its capacity in April this year, using naphtha feedstock. Work on the 5 million tonnes per annum LNG import terminal was left unfinished when it halted operations in 2001. The scheduled completion time is 13 months from the date of contract, Punj Lloyd said in a statement to the Bombay Stock Exchange.

The power plant which had brought online 740 MW capacity in the first phase in 1999, was shut in mid-2001 amid a dispute over electricity tariffs with its sole buyer, the Maharashtra State Electricity Board. The plant at the time was using naphtha as fuel, and was intended to switch to natural gas from imported LNG once running at its full 2,184 MW capacity. The stalemate was broken in July 2004 after a consortium of Indian lenders to the Dabhol facility reached financial settlements with Enron~s partners in the project, GE Capital and Bechtel Corp. ¬We are proud of the fact that the project, which had been abandoned five years back, has been awarded back to us and we endeavor to complete it in record time,¬ Punj Lloyd said in its statement.


Unless otherwise stated, the content of this page is licensed under Creative Commons Attribution-ShareAlike 3.0 License