PSU NEWS
Ratnagiri Gas eyes new business plan for LNG terminal
Ratnagiri . Ratnagiri Gas and Power Pvt. Ltd (RGPPL) is working on a new business plan for its Dabhol gas import terminal in coastal Maharashtra, two officials familiar with the plan said, before starting a project to make it an all-weather port that will bring in more liquified natural gas (LNG) cargoes.
RGPPL, which runs the Dabhol power plant and LNG terminal in Ratnagiri district, now receives cargoes only between October and May, due to lack of a breakwater to protect vessels from choppy seas during the monsoon months. The company plans to build a breakwater facility at a cost of Rs800 crore, and is currently de-merging its power and LNG businesses into separate entities.
RGPPL is owned by NTPC Ltd and Gail (India) Ltd with both holding 25.51% stake each while financial institutions hold 35.47% and Maharashtra State Electricity Board holds 13.51%.
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