Millennium Post

GLL invites global bids

GSPC LNG Ltd (GLL) has invited global bids, to select a engineering, procurement, construction (EPC) contractor for the LNG storage tanks, to be set up at its proposed LNG regasification terminal at Mundra. GLL, a joint venture of state-run Gujarat State Petroleum Corporation (GSPC) and Adani group, is in the process of setting up five million tonnes per annum (MTPA) capacity LNG regasification terminal at Mundra, with an investment of Rs 4,500 crore.

'It would be expandable up to 10 MTPA,' sources said. 'GSPC has 50 per cent stake holding in the JV, while Adani group holds 25 per cent, remaining 25 per cent shall come from a strategic investor,' a top GSPC official said. The LNG terminal will be the third one in Gujarat, after Petronet LNG's (10 MTPA capacity) in Dahej and Shell's Hazira LNG terminal (3.6 MTPA).

Agencies

Agencies

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