Hyderabad: Kakinada
Special Economic Zone (KSEZ) has signed a memorandum of understanding (MoU)
with Naturol Bio-Energy for setting up the first eco-friendly bio-diesel plant
in Kakinada SEZ. The 300 TPD integrated biodiesel plant will be set up in
the port town of Kakinada at an estimated cost of Rs.139.50 crore by Naturol
Bio-Energy India in JV with Energea GmbH, Austria. KSEZ is a port based special
economic zone project in Kakinada promoted by Kakinada Sea Ports, ONGC and
IL&FS. KSEZ
has received an in-principle approval from the government of India for setting
up of a 'port-based special economic zone' at Kakinada. For this a 'special
purpose vehicle' (SPV), Kakinada SEZ Pvt Ltd (KSEZ) was incorporated. The
project will be implemented by KSPL, ONGC and IL&FS as promoters.
The investment for developing infrastructure in 4000 acres of land and augmenting
external infrastructure for KSEZ would be Rs 2000 crores. This
investment would be other than the industries located in SEZ. KSEZ made progress
in various fronts like land, DPR preparation, assessing existing infrastructure,
and assessing the facilities required. "KSEZ
expects the refinery and biodiesel plant investments itself in the SEZ would
be Rs4,000 crore. More industries are evincing interest to locate their units
in SEZ. We anticipate an investment Rs10,000 crores in the first phase by
various industries in SEZ mainly petrochemicals, gas-based industries, ceramic
units, power plant and other export-oriented industries. The SEZ once completed
will change the entire economic scenario of East Godavari District which is
agriculturally rich" M S Murthy, chief operating officer, KSEZ said. "We
are pleased to sign the MoU with Kakinada SEZ. SEZ will make the implementation
process more efficient and timely as SEZ will grow to become a fully developed
operating port that will have solid infrastructure facilities to support accomplishment
our integrated bio-diesel project," Bhaskar Chalasani, managing director,
Naturol Bio-Energy said. KSEZ
is engaging IL&FS to undertake developmental activities for next 12 months.
ONGC is also proposing to set up a 5 MMTPA refinery in the SEZ. GoAP has been
extending their co-operation and nominated TR&B department for coordinating
the activities on behalf of GoAP. A separate MOU is under finalization between
GoAP, IL&FS and KSPL for establishing the refinery. KESZ
expects a bio-diesel plant to be set up at this SEZ as it would attract other
such units. For Naturol all infrastructure will be the readily available and
responsibility of SEZ so that it can concentrate on implementation of the
project. Naturol
Bio-Energy also signed an MoU with Energea GmbH, Austria
in the presence of Austrian Trade Commissioner, Hans Joerg Hoertnagl and president
of the Austrian Federal Economic Chamber, Dr. Christof Leitl.
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