The state machinery has swung into action in wake of PM visit’s and a meeting under the chairmanship of ACS (finance) DB Gupta has been scheduled on Tuesday
Prime Minister Narendra Modi is expected to lay the foundation stone of Barmer Refinery-cum-Petrochemical complex some time in the second half of December. The state machinery has swung into action in wake of PM visit’s and a meeting under the chairmanship of ACS (finance) DB Gupta has been scheduled on Tuesday to discuss loaning to the project with the officials of HPCL (Hindustan Petroleum Corporation Limited).
“The meeting will be chaired by the ACS Gupta and attended by mines and petroleum principal secretary Aparna Arora along with HPCL officials. All aspects, including loaning process with the banks and how to plan the event, are the agenda of the meeting,” said an official unfolding details of the proposed meeting at the Secretariat.
The official said that state’s various agencies have been geared up for the event slated to be held in Pachpadra and officials at the district level have been instructed to be ready for it. Notably, the union minister for petroleum and natural gas, and skill development and entrepreneurship Dharmendra Pradhan, who was in Jaipur in November, had informed that the refinery project has got environment clearance and the PM will lay the foundation stone any time next month, (December).
The Raje government has been working on the war-footing to launch the project at the earliest. The reason is that the previous Gehlot government, which claims the refinery its brainchild, had signed an MoU with HPCL (Hindustan Petroleum Corporation Limited) before the Assembly elections in 2013 but failed to turn into reality.
When Raje came into power, she said that state needed to renegotiate the project. After almost three years of negotiations, the state government signed a new MoU with HPCL in April this year for setting up the complex.
As per the agreement, the HPCL has a 74 per cent stake while the state government holds a 26 per cent stake in the new firm which is called HPCL Rajasthan Refinery Limited (HRRL). The total cost of the project is Rs 43,129 crore. Raje at the time of signing MoU claimed that new agreement led to significant saving of Rs 40,000 crore. Also, the state would receive 12 per cent return on investment instead of earlier 2 per cent mentioned in Gehlot’s agreement.
OFFICIALS TO CONVENE TODAY
- The state machinery has swung into action in wake of PM visit’s and a meeting under the chairmanship of ACS (finance) DB Gupta has been scheduled on Tuesday.
- The meeting will be chaired by the ACS Gupta and attended by mines and petroleum principal secretary Aparna Arora along with HPCL officials.
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