Wednesday, May 18, 2005
Wednesday, May 18, 2005 |
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Special Correspondent
NEW DELHI: Royal Dutch Shell is planning an investment of Rs. 3,000 crores in setting up a bulk cargo and container terminal at Hazira port, in collaboration with Essar Steel and some multinational companies. It already has a liquefied natural gas terminal at Hazira. Disclosing this here on Tuesday, the Shell India Director, Marc den Hartog, said talks were on with Essar Steel for the bulk cargo terminal that would be for that company's captive use. As for the container terminal, he said discussions were on with several multinational firms, including Maersk, P&O Ports of Australia, Port of Singapore Authority (PSA) and Dubai Port International. Mr. Hartog told newspersons that a special purpose vehicle called Hazira Port Private Limited had been set up for building the port terminals. He said Essar might take 50 per cent stake in the $100 million bulk cargo terminal while 49 per cent shareholding might be offered to the multinationals for the container terminal. He said Shell began commercial supplies of natural gas from the Hazira LNG terminal on Saturday. The first supplies were made to the Gujarat State Petroleum Corp (GSPC).
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