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NTPC announced via its social media on Wendesday that the company’s wholly-owned subsidiary NVVN signed agreements for the development of the 50 MW LNG-based power project at Hopetown, Sri Vijayapuram in the Andaman ND Nicobar Islands.
However, NTPC did not provide further details.
According to several reports, citing government statements, India’s Ministry of Power recently approved the power purchase agreement and and gas supply agreement for the establishment of the LNG power project, which is expected to include a floating storage and regasification unit (FSRU).
The reports say that Indian Oil Corporation Limited (IOCL) will develop the regasification infrastructure and supply LNG to the project, while the project is scheduled for commissioning by August 2028.
In 2024, NTPC said it is partnering with Petronet LNG, the country’s largest LNG importer, to supply liquefied natural gas to one of its power plants.
State-owned IOCL is a shareholder in Petronet, sharing joint ownership alongside GAIL, ONGC, and BPCL.
According to Indian Oil’s website, IndianOil booked 3.75 mmtpa, 3 mmtpa, 1 mmtpa, and 0.43 mmtpa of regasification capacity at the Dahej, Dhamra, Jafrabad, and Kochi LNG terminals, respectively.
India imports LNG via eight facilities with a combined capacity of about 52.7 million tonnes per year.
These include Petronet LNG’s terminals, Shell’s Hazira terminal, as well as the Dabhol LNG, Ennore LNG, Mundra LNG, and Dhamra LNG terminals.
