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According to a statement by NTPC, the two firms signed a memorandum of understanding on September 12 to explore new business opportunities, including the supply of LNG/RLNG.
“Sustainable gas supply to the Kayamkulam plant shall be explored through this MoU,” NTPC said.
State-owned NTPC did not provide further information.
NTPC’s website shows the company has a total installed capacity of 76,294 MW, including joint ventures.
Established in 1975, NTPC is aiming to become India’s largest integrated power company and targets to become a 130 GW firm by 2032, it said.
The Kayamkulam gas power plant in Kerala has a capacity of 360 MW, the website shows.
Petronet operates the Kochi LNG terminal in Kerala with a capacity of 5 mtpa.
However, the Kochi terminal is currently operating at about 20 percent capacity due to lack of connectivity.
Petronet expects the Kochi-Bangalore pipeline to be completed by the end of this year or by the end of March next year and this will substantially boost the utilization of the facility.
Besides Kochi, Petronet is currently expanding its 17.5 mtpa Dahej LNG terminal with about 5 mtpa of new capacity.
This deal with NTPC follows a recent memorandum of understanding Petroent signed with Sri Lanka’s LTL.
Under this deal, Petronet will supply LNG to LTL’s dual-fueled power plant(s) in Kerawalapitiya, Colombo.
The duo have agreed to develop an LNG supply chain from Petronet’s LNG import terminal in Kochi to Kerawalapitiya.
Petronet said the proposed supply of LNG from the Kochi LNG terminal would be through LNG ISO tank containers involving a multi-modal transport system.