Shapoorji Pallonji looking to set up deepwater port in Gujarat
27 Oct 2012
Engineering and construction firm Shapoorji Pallonji Co Ltd is planning to set up an integrated deepwater port comprising an LNG import terminal and a power plant in Gujarat, a senior company official said today.
"It will be a deepwater port, along with a major liquefied natural gas importing terminal and a 2,000-MW power generating plant," Jimmy Parakh, the company's finance chief, said at a function in Singapore.
The LNG terminal would be a joint venture with Hindustan Petroleum, he said.
Parekh was speaking after the launch of the group's first floating production storage and offloading (FPSO) vessel.
Shapoorji Pallonji has partnered Malaysia's Bumi Armada to construct a FPSO for deployment in ONGC's D1 field at the West Coast, 200 km off Mumbai.
The FPSO, Armada Sterling, will have a joint investment of over $360 million.
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