About 25 per cent of the work on Bina Refinery at Bina in Madhya Pradesh is complete, nearly a year after construction work on the project started. "We are planning to complete construction of the refinery by the end of 2009," R.P. Singh, Managing Director, Bharat Oman Refineries, announced at 'Destination Madhya Pradesh - Global Investors Summit 2007' conference organised by FICCI in Mumbai.
Last week, Projectmonitor had reported that the refinery project could see time overrun as contractors have sought more time to complete most of the components of the project.
Bharat Oman Refineries, the JV company formed by Oman Oil Company and state-owned BPCL, is the implementation agency of the project. Bina Refinery was conceived in the early 1990s but faced a major hurdle in 2001 when OOC reportedly decided to withdraw from the project citing procedural delays. The cost of the project has escalated from Rs 7,513 crore to Rs 10,300 crore in one-and-a-half decade.
"It (Bina refinery) will be one of the fastest refinery projects coming up in India," says Singh. "The Madhya Pradesh government is keen to expedite the project." On completion, the capacity of the refinery will be six million tonnes. The project also envisages a power plant of 99 mw, crude oil pipeline of 943 km and storage tanks of six million tonnes.
Bharat Oman Refineries recently awarded Punj Lloyd an EPCC (engineering, procurement, construction and commissioning) order worth Rs.590 crore. The scope of work includes a 360-tpd sulphur recovery unit, 470-tph amine recovery unit, 360-tpd tail gas treatment unit and 125-tph and 49-tph sour water stripping units. Work is scheduled for completion within 25 months.