Petronet LNG, nation’s largest natural gas importer, is in discussion to establish an Rs 3,500-crore power plant adjacent to its upcoming LNG import facility at Kochi in Kerala. It aims to set up a 1,200 MW gas-fired power plant, 50:50 joint venture with the Kerala government.
Kerala government will give land for setting up of the power plant, which will be considered as part of its equity contribution in the project. It has also shown inclination towards accepting Petronet’s condition of buying at least 75% of the power generated at the power plant under a long-term power purchase agreement or PPA.
Petronet LNG is one of the leading players in oil and natural gas industry space. It has India’s first and largest LNG supply terminal located at Dahej.
