India signs joint development agreement for Enmore project


CMS Energy Corp. and the Aditya Birla Group of India said they have concluded a joint development agreement with the government-owned Power Trading Corp. of India on the $1.6 billion Ennore LNG and power project in Tamilnadu, India.

The agreement was signed Thursday in Washington, DC, during a state visit by Indian Prime Minister Atal Bihari Vajpayee.

Under the agreement, the Indian government has expressed its intent to support the payment obligations of the Power Trading Corp. of India, which will purchase the entire capacity of the 1,850 Mw Ennore power plant.

The Ennore project will consist of an LNG import, storage, and regasification facility that initially will bring in 2.5 million tonnes/year of LNG from the Ras Laffan Liquefied Natural Gas Co.(RasGas) in Qatar. The LNG terminal will provide natural gas to the Ennore power plant and a natural gas pipeline system designed to serve growing industrial centers throughout southern India.

The natural gas pipeline system will be developed, owned, and operated by Dakshin Bharat Energy Consortium (DBEC). DBEC was granted exclusive rights to develop, construct, own and, operate the project in December 1998, after an international competitive bidding process.

The joint development agreement includes a timetable with firm dates for key project milestones, as well as the Indian government's commitment to establish an effective payment security mechanism for the firm purchase of power from the Ennore plant. The announcement was made on behalf of project developer DBEC.

Members of the consortium and their ownership position include CMS, 26.67%; the Aditya Birla Group, 26.67%; Unocal Corp., 18.66%; Australia's Woodside Petroleum Ltd., 15%; and Germany's Siemens AG unit, Siemens Project Ventures, 13%.

"The joint development agreement is a strong endorsement from the Indian government regarding the attractiveness of the Ennore project and sets the stage for financial closure,'' said CMS Energy's Pres. Victor J. Fryling. He said the project will play an important role in India's continued economic development by helping alleviate India's power deficit.

Related Articles

API to issue recommended practice to address pipeline safety

07/01/2015 The American Petroleum Institute expects to issue a new recommended practice in another few weeks that addresses pipeline safety issues, but the tr...

Shell Midstream Partners takes interest in Poseidon oil pipeline

07/01/2015 Shell Midstream Partners LP has completed its acquisition of 36% equity interest in Poseidon Oil Pipeline Co. LLC from Equilon Enterprises LLC, a s...

Shell makes FID on Appomattox deepwater development in Gulf of Mexico

07/01/2015 Royal Dutch Shell PLC has taken a final investment decision (FID) on the Appomattox deepwater development, authorizing construction and installatio...

Woodside-led Browse FLNG venture enters FEED phase

07/01/2015 The Woodside Petroleum Ltd.-led Browse LNG joint venture has entered the front-end engineering and design phase for a floating LNG (FLNG) developme...

Case for Keystone XL has grown stronger, TransCanada tells Kerry

06/30/2015 Canada is taking strong steps toward combating climate change, and the proposed Keystone XL pipeline crude oil pipeline remains in the US national ...

Construction begins on Chinese section of Russia-China Gas Pipeline

06/30/2015

Construction has begun on the Chinese section of the Russia-China Gas Pipeline, according to China National Petroleum Corp.

Firms form Powder River basin logistics JV

06/29/2015 NGL Energy Partners LP, Tulsa, and Meritage Midstream Services II LLC, Denver, have formed a joint venture to develop crude oil gathering and water...

IOCL lets contract for LNG storage tanks for Indian terminal

06/29/2015 Indian Oil Corp. Ltd. (IOCL) has let a contract to Mitsubishi Heavy Industries Ltd. (MHI) for the engineering, procurement, and construction of two...

OGJ Newsletter

06/29/2015
White Papers

2015 Global Engineering Information Management Solutions Competitive Strategy Innovation and Leadership Award

The Frost & Sullivan Best Practices Awards recognise companies in a variety of regional and global...
Sponsored by

Three Tips to Improve Safety in the Oil Field

Working oil fields will always be tough work with inherent risks. There’s no getting around that. Ther...
Sponsored by

Pipeline Integrity: Best Practices to Prevent, Detect, and Mitigate Commodity Releases

Commodity releases can have catastrophic consequences, so ensuring pipeline integrity is crucial for p...
Sponsored by

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New chall...
Sponsored by

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by

Squeezing the Green: How to Cut Petroleum Downstream Costs and Optimize Processing Efficiencies with Enterprise Project Portfolio Management Solutions

As the downstream petroleum industry grapples with change in every sector and at every level, includin...
Sponsored by

7 Steps to Improve Oil & Gas Asset Decommissioning

Global competition and volatile markets are creating a challenging business climate for project based ...
Sponsored by
Available Webcasts


OGJ's Midyear Forecast 2015

When Fri, Jul 10, 2015

This webcast is to be presented by OGJ Editor Bob Tippee and Senior Economic Editor Conglin Xu.  They will summarize the Midyear Forecast projections in key categories, note important changes from January’s forecasts, and examine reasons for the adjustments.

register:WEBCAST


Predictive Analytics in your digital oilfield - Optimize Production Yield and Reduce Operational Costs

When Tue, Jul 7, 2015

Putting predictive analytics to work in your oilfield can help you anticipate failures, plan and schedule work in advance, eliminate emergency work and catastrophic failures, and at the same time you can optimize working capital and improve resource utilization.  When you apply analytic capabilities to critical production assets it is possible to reduce non-productive time and increase your yield.

Learn how IBM's analytics capabilities can be applied to critical production assets with the goal of reducing non-productive time, increasing yield and reducing operations costs.

register:WEBCAST



On Demand

Cognitive Solutions for Upstream Oil and Gas

Fri, Jun 12, 2015

The oil & gas sector is under pressure on all sides. Reserves are limited and it’s becoming increasingly expensive to find and extract new resources. Margins are already being squeezed in an industry where one wrong decision can cost millions. Analyzing data used in energy exploration can save millions of dollars as we develop ways to predict where and how to extract the world’s massive energy reserves.

This session with IBM Subject Matter Experts will discuss how IBM Cognitive Solutions contribute to the oil and gas industry using predictive analytics and cognitive computing, as well as real time streaming for exploration and drilling.

register:WEBCAST


The Alternative Fuel Movement: Four Need-to-Know Excise Tax Complexities

Thu, Jun 4, 2015

Discussion on how to approach, and ultimately embrace, the alternative fuel market by pulling back the veil on excise tax complexities. Taxes may be an aggravating part of daily operations, but their accuracy is crucial in your path towards business success.

register:WEBCAST


Emerson Micro Motion Videos

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected