Chennai, May 24 (IANS) The Indian Oil Corporation and the Tamil Nadu Industrial Development Corporation have submitted a proposal to the Tamil Nadu government for jointly setting up a liquefied natural gas (LNG) terminal and a power plant near here at a cost of Rs.10,000 crore.
‘The state government has responded positively saying that it would study the project,’ Union Petroleum and Natural Gas Minister Murli Deora told reporters here Monday.
He said a request has been made to the state government to allot land for the expansion project of oil refining company Chennai Petroleum Corporation Ltd (CPCL).
Speaking on the progress of various oil pipeline projects, Petroleum Secretary S. Sundareshan said work on Kakinada-Chennai, Tuticorin-Chennai, Chennai-Bangalore, Kochi-Mangalore via Bangalore, Salem and Coimbatore pipelines has started.
According to him, the projects will be completed before 2012.