Kakinada: Special Economic Zone (SEZ) promoters have claimed that establishment of a refinery with petro chemical complex is a certainty and listed out 18 industries that are likely to be set up. They include another refinery of bigger capacity by a Mauritius company.

In response to the letter of Collector M. Subrahmanyam, circulated to local MLA Mutha Gopalakrishna, SEZ Director K.V. Rao has said that they received interests from TCG refinery (Mauritius) company to set up a refinery and petro chemicals, SDE engineers Ltd for free trade warehousing zone, Surya Chakra Power Corporation Ltd for a 1000 MW power project, NFCL for a fertilizer and chemicals unit and Suzion Energy Ltd for wind power generation. The other companies are: RS Energy Ltd for bio-diesel plant, EID Parry Ltd for export-oriented sugar unit, KSR Agencies for a food park, W.S. Industries (India) Ltd for power plant insulators, Thermax Company for manufacturing boilers and chemicals, Sravan Shipping Services Ltd for container freight station. While 15 industries requested for allotment of 8,355 acres, three other industries --Alumina, Chemical and Bulk drugs -- did not indicate their land requirement.

Main objective

Pointing out that the main objective of the KRPL (Kakinada Refinery and Petrochemicals Limited) jointly promoted by ONGC/MRPL IL&FS & Associates is to establish 7.5 MMT per annum of export-oriented refinery in the SEZ, he said it would be economically viable and competitive in view of the incentives offered as per the SEZ Act. Further, he said that basing on the responses received some companies had evinced interest in setting up 15 MMT per annum refinery with petro chemical complex in addition to the KRPL proposal. Besides, informal discussions were also held with multi national companies for setting up of a petro chemical complex.

Mr. Rao claimed that the SEZ as a project had already reached certain milestones and within next three to four months achieves financial closure on completion of the studies.

The project related studies such as global positioning, master planning, institutional and financial models, he said, were given to The Services group (TS) and likely to be completed by February 2007.

Based on the master plan, he said the KSEZ would lease out the land to industries.

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