India: GAIL, IFFCO sign MoU for gas sector projects

We have planty of NG plants available, we hope someone in India jumps on board and invite us:

Thursday, Feb 05, 2009

"GAIL and Indian Farmers Fertiliser Cooperative (IFFCO) signed a memorandum of understanding (MoU) for cooperation in natural gas sector related opportunities in India.
As per the agreement both the companies would jointly evaluate the potential of setting up of a gas based power plant and other industries including Chemicals, Fertilisers, Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in India and also explore the possibility of sourcing of Natural Gas / LNG for the identified projects.

The feasibility study for identified projects would be carried out by GAIL and IFFCO jointly. Subsequently, based on the techno-economics of the project, a joint venture company between GAIL and IFFCO would be formed for implementing the projects.

Published by: Project News