AFCONS wins Kochi marine tender
AFCONS emerged lowest bidder to set up berthing facilities for LNG tankers at Kochi’s proposed LNG terminal with a quote of “less than $60m†when price bids were opened at Petronet-LNG’s office on June 30.
Other bidders Punj Lloyd and ITD Cementation quoted “higher than AFCONSâ€, we hear. “Each company tied-up with an international company with experience in design and engineering marine facilities for LNG terminals,†says a source.
“All the major contracts for the terminal have now been awarded.†Petronet-LNG will issue a Letter of Award after board approval on July 18.
“The letter can be issued within one week after directors approve,†we hear. AFCONS must finish the job within 30 months from the date of award - 28 months for mechanical completion and two months for time overruns.
On June 25, Petronet-LNG hired CTCI of Taiwan to set up regassification facilities at Kochi and on March 7 IHI won the contract to set up LNG storage tanks.
