Vibrant Gujarat Summit: Rs26,000 crore MoUs signed in EPD sector

A dozen MoUs, proposing investment of Rs26,000 crore in energy & petrochemicals sectors, were signed on Friday, the first day of three-day Vibrant Gujarat Summit 2013, a senior official said.

The Mukesh Ambani-led Reliance Industries signed an MoU with the state government for setting up two LNG projects – one at Dahej and the other at Sikka in Jamnagar – at a total investment of Rs9,500 crore.

“We have also signed a letter of co-operation with Asian Development Bank for financial assistance for developing transmission & distribution network for evacuation of power from renewable energy sources,” DJ Pandian, principal secretary, energy & petrochemicals department, said.

An MoU was signed with Coastal Gujarat Power Limited, a part of Tata Power, for expanding capacity of its 4,000 MW Mundra UMPP by 1,600 MW. Another MoU was signed with DMICDC for setting up solar manufacturing and solar generation plant with thin film technology. Fertilizer major Kribhco signed an MoU for establishing a 12.7 lakh tonne urea plant at Hazira.

Another MoU related to underground gas storage at an investment of Rs500 crore was signed with Europe-based Storengy Limited. GSPC Gas signed MoU for establishing city gas distribution network in 110 villages. An MoU was signed with Geosyndicate Power for utilization of geothermal energy for power generation.