HPCL talks with Chhara LNG bidders

Vol 20, PW 21 (13 Jul 17) News in Brief

Mumbai-based HPCL and Shapoorji Energy, promoters of a proposed 5m t/y LNG terminal at Chhara on the Gujarat coast, are discussing commercial 'deviations' proposed by companies who bid for the regas facilities on June 15.

Initial discussions were held with Toyo Engineering on July 10 and CTCI bidding with Cinda on July 11, both in Mumbai. Also last week discussions were held with Sener who bid with AFCONS, but this could not be independently confirmed.

In separate talks with LNG tank bidders, HPCL-Shapoorji has asked IHI bidding with AFCONS and POSCO bidding with Daewoo and Vijay Tanks to submit revised price bids compliant with the new Goods and Services Tax (GST) by July 12. Elsewhere, bidders for Adani Energy's proposed 5m t/y LNG terminal at Dhamra have asked for a 21 day extension beyond the original July 12 deadline to submit revised GST-compliant regas facility price bids.

Dhamra LNG tank bidders IHI, L&T with Whessoe, Saipem and Mitsubishi are also believed to be revising price bids submitted on May 15 to make them GST compliant. "Whether Adani tells us or not," says a bidder, "we have to revise bids with GST."

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