Under the second phase of the Petroleum Reserves programme, the government of India has approved the setting up of two additional commercial-cum-strategic facilities with a total storage capacity of 6.5 MMT underground storage at Chandikhol (4 MMT) and Padur (2.5 MMT) in July 2021, on PPP Mode.
About:
The request for proposal for building these storage facilities is under finalisation.
An amount of Rs 210 crore was allocated in the budget for the financial year 2020-21 under Phase II for land acquisition, and the same has been disbursed to ISPRL.
Background
Under the first phase of the Strategic Petroleum Reserves (SPR) programme, the Government through its special purpose vehicle, the Indian Strategic Petroleum Reserve Limited (ISPRL), has set up petroleum storage facilities with a total capacity of 5.33 Million Metric Tonnes (MMT) at 3 locations.
These are namely (i) Visakhapatnam (1.33 MMT), (ii) Mangaluru (1.5 MMT) and (iii) Padur (2.5 MMT), and all the storage facilities have been filled with crude oil.
Dear Student,
You have still not entered your mailing address. Please enter the address where all the study materials will be sent to you. (If applicable).
