NEW DELHI, Sept 22 � Appalled by delay in execution of the Assam Gas Cracker Project, the Fertilizer Minister has directed that the Project should be complemented by June 2015,
The mega Rs 10,000 crore gas cracker project would be operated by Brahmaputra Crackers and Polymers Limited (BCPL).
According to reports, Fertiliser Minister Ananth Kumar chaired a review meeting of the project with all the stakeholders before ordering that the project should become operational by June 2015.
Ananth Kumar reportedly took serious note of delay in completion of the project and directed the concerned to adhere to the timelines for completion of the project without any further delay so as to achieve the mechanical completion of the project by November, 2014 and commissioning by June 2015.
The meeting was attended by the heads of implementing agencies namely GAIL, OIL, NRL, Government of Assam, EIL and BHEL.
The Project was cleared by the Cabinet in 2006, with GAIL holding 70 per cent equity and the rest equally shared by Oil India Ltd (OIL), Numaligarh Refinery Ltd (NRL) and the Government of Assam. The project was originally scheduled to be completed in December 2013.The officials claimed that 97.8 per cent of the project has been completed.
Meanwhile, the board of BCPL has cleared a proposal for enhancement of the capital cost to Rs 9,586.25 crore.
The feedstock for the project will be natural gas and naphtha. OIL and ONGC will supply gas and naphtha shall be supplied by NRL.