Krishnapatnam: NGC Energy, a joint venture between National Gas Company, Oman and Petredec India Pte. Ltd, Singapore began the development of the LPG import and storage terminal at Krishnapatnam Port at an investment of Rs 400 crore.
A press release said, the foundation stone was laid by chairman, NGC Energy, Abdulla Suleiman Hamed Al Harthy. The refrigerated LPG Import and storage terminal has a storage capacity of 30,000 tonnes and a throughput capacity of 1.4 million tons per annum for servicing the PSUs and Private sector companies in the hinterland.
“This is a very proud moment for us. The new Refrigerated LPG Import and Storage Terminal will help bridge the demand/supply gap with an aim to reach approximately 8 million households in the hinterland,” said Abdulla. “The project is also expected to generate around 400+ direct and indirect employment thus benefiting the region.”