Kerala - Kochi   

VS tells oil company to set up power plant

Staff Reporter

Wants Bharat Petroleum Corporation Ltd. to revive proposal

KOCHI: Chief Minister V.S. Achuthanandan said here on Sunday that Bharat Petroleum Corporation Ltd. (BPCL) should revive its proposal to set up a 500-MW power plant, which would go a long way in meeting the power requirements of the State.

Mr. Achuthanandan was speaking at a function organised at the Ambalamugal complex of the BPCL-Kochi Refinery to lay the foundation stone for the company’s expansion and modernisation project.

Mr. Achuthanandan, who was the chief guest, said the corporation had shelved the proposal. If the power plant was established as a fast-track project, it would help the State meet its power requirements to some extent.

Citing the recent approval of the Smart City project and Saturday’s launch of a joint venture between the National Thermal Power Corporation (NTPC) and the State-owned TELK, he said the Government had created the right atmosphere for industrial investment in the State.

The State undertaking Autokast and Railways would launch a venture for building bogies in Kerala soon.

The Government, he said, was ready to sit with investors and sort out problems on the spot. He said the considerable delay in implementing the LNG terminal project here had caused “unimaginable” losses to the State. Undertakings such as Fertilisers and Chemicals Travancore Ltd. were looking forward to it for their survival. Besides, the NTPC and the BSES could gain immensely from the establishment of the terminal, which was to be commissioned in 2003.

The Chief Minister promised ready support for the projects being implemented by the BPCL in the State.

Union Minister for Petroleum Murli Deora promised the Chief Minister that the LNG terminal project would not be delayed further.

Union Minister for Overseas Indian Affairs Vayalar Ravi; K. Chandran Pillai, MP; M.M. Monayi and K.V. Thomas, MLAs; and Union Secretary for Petroleum and Natu ral Gas M.S. Srinivasan spoke. Ashok Sinha, Chairman and Managing Director, BPCL, welcomed the gathering.

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