Bid & Tender
Petrochemical Complex to Be Set Up in Andhra Pradesh

Date : Oct 21, 2016

The proposed petro-chemical complex will certainly come up in Andhra Pradesh and there is no room for any doubts, according to Union Minister of State for Petroleum and Natural Gas (independent charge) Dharmendra Pradhan. He was speaking at Vangali village in Sabbavaram mandal of Visakhapatnam district on Thursday evening after the State Chief Minister N. Chandrababu Naidu, laid the foundation stone for the Indian Institute of Petroleum and Energy (IIPE). Union Urban Development Minister M. Venkaiah Naidu and Union Civil Aviation Minister Ashok Gajapati Raju also participated in the event.

 

Dharmendra Pradhan said that the previous UPA Government had included the proposed petro-chem complex in the AP Reorganisation Act, 2014, but only subject to feasibility. "However, we have taken a decision to set it up in Andhra Pradesh at a cost of ₹ 350 billion. Further, the capacity of HPCL refinery in Visakhapatnam will be enhanced from 8 million tonnes to 15 million tonnes, at an investment of ₹ 210 billion. The total investment for all these projects would be of the order of ₹ 620 billion in AP in the next few years," the minister said.

 

Further, he said, roughly ₹ 600-700 billion would be invested by both the public sector and private sector companies in the Krishna-Godavari basin in the State for exploration and exploitation of oil and gas. "I have no doubt the State would emerge as a petroleum hub in future. Therefore, there is a need for skilled personnel on a large scale in the sector. The IIPE here will serve the purpose. The campus will be ready in a few years. Already, the IIPE is functioning in a temporary facility in Andhra University," he said.

 

The foundation stone for a skill development centre was also laid on the occasion. The Union Minister also launched the Prime Minister Ujwala scheme. Pradhan said 90 per cent of the households in AP have LPG connections and by June, 2017, the remaining households would be covered. AP would be a kerosene-free state by then, he added.