VGS-Cavallo Energy fast-tracks floating LNG terminal project off Andhra Pradesh.

Krishna Godavari LNG Terminal Ltd., a joint venture between VGS Group, Cavallo Energy of the US and Belgium's Exmar, is fast-tracking its 3.6 million tonnes (mt) floating terminal project off Kakinada coast in Andhra Pradesh.

The company is hastening the commissioning schedules, expecting a surge in demand, as the new State Government is set to take immediate measures to boost power production.

The $450-million (Rs. 2,670-crore) project is expected to fire up a significant chunk of the gas-famished power units in the region, which are today lying idle for want of fuel.


HBL