Dabhol power project operated by the Ratnagiri Gas and Power could get Rs 1,200 crore investment if the LNG terminal becomes a separate unit of the project.
According to sources cited by The Economic Times, lenders in the projects, State Bank of India, ICICI Bank, Canara Bank and IDBI Bank would invest more in the LNG terminal.
New assets, such as breakwater facilities need to be built, together with the delinking power plant and LNG terminal equipment.
Shareholders in the power project, however, fear that separating the LNG terminal would put the power project in jeopardy.
18.1% of the power project is held by the ICICI Bank, IDBI Bank, SBI and Canara Bank collectively with GAIL India and NTPC each holding a stake of 32.7% and Maharashtra State Electricity Board holds a 16.9% stake.
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LNG World News Staff; Image: GAIL