GAIL India to invest Rs 1,000 crore to help Dabhol LNG terminal operate all year

GAIL India to invest Rs 1,000 crore to help Dabhol LNG terminal operate all year

GAIL India will invest Rs 1,000 crore on the liquified natural gas terminal at the Ratnagiri Gas and Power Private (RGPPL) to make it an ‘all-weather’ port by 2019, said BC Tripathi, chairman, GAIL

RGPPL, the second avatar of the troubled Dabhol power project, is in the process of demerging the power plant and the LNG terminal to make the project financially more viable as the project continues to struggle to keep afloat even after a decade since banks and public sector units stepped in to revive it. Read more

Credits:economictimes.indiatimes.com

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