Kakinada Regas Project [by Shell]

closed

Economic/Social Impact of the Project Shell through its wholly owned subsidiary Andhra LNG Pvt Ltd is developing an LNG regasification terminal to supply Andhra Pradesh with regasified LNG. The terminal is being developed under the GOI policy permitting 100percentage FDI [automatic route] and is State of the art, latest generation, floating regasification storage unit [FSRU] with up to 5 mtpa capacity using the most efficient and environmentally friendly regasification process. The project will provide earliest relief to 4,000 MW gas based power plants that are now distressed. It requires no project financing thus saving significant time. It entails FDI of approximately USD 800 mln for FSRU and installations. The engineering and design for all elements of the project is completed, and the FSRU has been selected. A full scale Environmental Impact Assessment [EIA] was submitted to the state Pollution Control Board on 28th March 2013 demonstrating only minimal environmental impact. Several gas sales heads of agreements signed wit