Swan Energy has informed that Government of Gujarat has now decided to participate by investing 26% in Equity of Swan’S LNG Port Project in Gujarat. Swan Energy is developing India’s first LNG Port along with Floating and Regasification Unit (FSRU) near Jafrabad in Gujarat state with a total investment of Rs 5900 Crore. A subsidiary Company and special purpose vehicle Company namely Swan LNG is implementing this project. Government of Gujarat has now decided to participate by investing 26% in equity of the LNG Port Project through Gujarat State Petronet and Gujarat Maritime Board jointly.
The above information is a part of company’s filings submitted to BSE.
