Swan Energy through its subsidiary Triumph Offshore has signed an agreement to lease out its floating storage regasification unit (FSRU) vessel to Turkish government-owned natural gas and LNG firm Botas for an annual rentals of around Rs 800 crore.
The lease arrangement is for a daily rental of $250,000, or about Rs 2 crore, which on an annualised basis works out to be around Rs 800 crore. The duration of the leasing agreement of its FSRU vessel Vasant One is for 12 months and is extendable on mutual agreement.
Swan Energy is an emerging green energy company with a successful track record in infrastructure projects and textiles too.
