Times of India: Hiranandani Group May Bring Green fuel to State

After limited success in coal bed methane (CBM) exploration, Bengal may finally get access to sufficient green energy — courtesy the Hiranandani group.

Although the much-talked-about gas pipeline project of Reliance Industries from KG basin to Haldia and the Gail pipeline from Jagadishpur are yet to see the light of day, the Hiranandanis may bring imported green fuel to the state. Hi Energy (P) Ltd, the energy arm of the group, is planning to set up an offshore LNG terminal near Digha coast to bring gas to Bengal and eastern states. The total investment will be over Rs 4,000 crore.

Niranjan Hiranandani, the group chairman, announced this on Wednesday, the first day of the Bengal Global Business Summit. Later on, Union minister Nitin Gadkari said his ministry had sanctioned the LNG project for re-gasification. Hiranandani said his group was planning to build and operate a world-class floating storage regasification unit with the ultimate capacity of six million tonnes per annum. MORE