state to obtain energy investment

The state government has announced a range of power projects that are expected to attract investments worth Rs 1 lakh crore. This includes linking IOCL´s refinery to a proposed petroleum and petrochem park in Odisha and oil-gas pipelines from ports to Ranchi and Surat. The state is among the few states that will have gas from three sources - imported LNG, domestic natural gas and coal bed methane. IOCL´s 15 mn tonne refinery, entailing a Rs 34,000-crore investment, near the port town of Paradip is nearing completion and will be commissioned by February 15, 2015 kicking in a 11-year tax deferment agreement that will cost the state Rs 3,000 crore in earnings annually. Contact: Government of Odisha. Website: www.odisha.gov.in