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30 June 2004 - The process for setting up of the much-awaited Liquid Natural Gas (LNG) terminal at Kochi by the state-owned National Thermal Power Corporation (NTPC) was expected to be completed by September this year and the techno-commercial bids submitted by eight companies would be opened on July 21, federal Power Minister P M Sayeed said on Tuesday.
Opening of financial bids would follow this. The current bidding process would establish the competitivness of the fuel price and would go a long way in providing affordable power to Kerala and other southern states, he told reporters here.
When pointed out that there were reports that Petronet was also in the race to set up an LNG terminal, he said it was participating in the bid and there was no contradiction or dispute. NTPC will award the bid to the company, which provides the most competitive rates.
NTPC would also discuss with various electricity boards, including the Kerala State Electricity Board (KSEB), about their power needs. The project promoter would have to give at least 2.5 t of gas annually to NTPC, Sayeed said.
Presently NPTC's Kayamkulam plant in Tamil Nadu was using only 50 per cent of its capacity and the power generated was being distributed to the state.
He said there were plans to add another 1950 MW to its exisiting capacity of 350 MW to make it 2300 MW. The LNG project would help it to meet the gas requirement for the additional capacity.
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