ONGC’s downstream units to get priority in Dahej SEZ

BUREAU
Posted online: Saturday, January 13, 2007 at 0151 hours IST

VADODARA, JAN 12 : The Dahej SEZ Ltd, a special purpose vehicle (SPV)
floated by the Oil and Natural Gas Corporation (ONGC) and the Gujarat
Industrial Development Corporation (GIDC), will give priority to
downstream units of ONGC in the upcoming petrochemical SEZ at Dahej in
Bharuch District.
Informing that ONGC will set up C2 and C3 extraction plants and
petrochemical complex, sources in GIDC said that company’s Dahej SEZ
will give priority to big chemical and petrochemicals complexes. Not
only that, ONGC’s downstream units are likely to get first priority. It
may be mentioned here that the Central government has already notified
the Dahej SEZ and both ONGC and GIDC plan to make all the infrastructure
facilities available by the end of 2007. This SEZ will come up in an
areas of 1,717 hectares. The SPV company will also make arrangement for
power generation, transmission and distribution. The SPV will also
supply power to industrial units in the SEZ at lower rates. Sources in
GIDC has also revealed that currently more than 50 players have
submitted expression of interest (EoI) for setting up their units at the
SEZ. However, sources declined to give names of the units and investment
proposed by them.
A chemical port has also been made operational at Dahej and all the
units will set up their shops at the SEZ, which will have the advantage
to use this facility.
http://www.financialexpress.com/fe_full_story.php?content_id=151608