JSW Infrastructure has planned to expand the capacity of Jaigarh Port from the present 15 million tonnes to 65 million tonnes. As part of the expansion, it will have seven terminals which will include an LNG terminal, a container terminal and a petroleum terminal. A total investment of Rs.10,000 crore will be made into the project over the next five years.
Jaigarh Port, which was inaugurated in August 2009, is the first deepwater, all-weather, private port in Maharashtra.
The company has also tied up with Hiranandani Energy (H-Energy), a subsidiary of real estate firm Hiranandani Group, to set up an 8-million tpa regasification plant at the port and a pipeline facility with GAIL (India) Ltd to cater to the huge LNG demand. The company is in the process of signing a formal concession agreement with H-Energy for 25-30 years.
The regasification plant will require an investment of around Rs.6,000 crore by H-Energy and will include a pipeline facility to be set up with GAIL.
Hiranandani Energy recently entered the energy business and is setting up another 6-million tpa floating regasification offshore LNG plant on the coast of Digha, West Bengal, with an international player. The project is aimed at West Bengal and later the Assam market through a pipeline to be shared with Bangladesh.