Refinery a certainty: SEZ promoters

Correspondent

15 companies request for allotment of 8,355 acres

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18 industries to be established in the zone
Three companies did not indicate their land requirment
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Kakinada: Special Economic Zone (SEZ) promoters have claimed that
establishment of a refinery with petro chemical complex is a certainty
and listed out 18 industries that are likely to be set up. They include
another refinery of bigger capacity by a Mauritius company.

In response to the letter of Collector M. Subrahmanyam, circulated to
local MLA Mutha Gopalakrishna, SEZ Director K.V. Rao has said that they
received interests from TCG refinery (Mauritius) company to set up a
refinery and petro chemicals, SDE engineers Ltd for free trade
warehousing zone, Surya Chakra Power Corporation Ltd for a 1000 MW power
project, NFCL for a fertilizer and chemicals unit and Suzion Energy Ltd
for wind power generation. The other companies are: RS Energy Ltd for
bio-diesel plant, EID Parry Ltd for export-oriented sugar unit, KSR
Agencies for a food park, W.S. Industries (India) Ltd for power plant
insulators, Thermax Company for manufacturing boilers and chemicals,
Sravan Shipping Services Ltd for container freight station. While 15
industries requested for allotment of 8,355 acres, three other
industries --Alumina, Chemical and Bulk drugs -- did not indicate their
land requirement.

Main objective

Pointing out that the main objective of the KRPL (Kakinada Refinery and
Petrochemicals Limited) jointly promoted by ONGC/MRPL IL&FS & Associates
is to establish 7.5 MMT per annum of export-oriented refinery in the
SEZ, he said it would be economically viable and competitive in view of
the incentives offered as per the SEZ Act. Further, he said that basing
on the responses received some companies had evinced interest in setting
up 15 MMT per annum refinery with petro chemical complex in addition to
the KRPL proposal. Besides, informal discussions were also held with
multi national companies for setting up of a petro chemical complex.

Mr. Rao claimed that the SEZ as a project had already reached certain
milestones and within next three to four months achieves financial
closure on completion of the studies.

The project related studies such as global positioning, master planning,
institutional and financial models, he said, were given to The Services
group (TS) and likely to be completed by February 2007.

Based on the master plan, he said the KSEZ would lease out the land to
industries.

http://www.hindu.com/2006/11/14/stories/2006111402760300.htm