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Joint venture agreement signed for Barmer refinery

The joint venture of Rajasthan government and HPCL will be called HPLC Rajasthan Refinery Limited.

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A joint venture agreement was signed between the Rajasthan government and HPCL on Thursday to speed up the work on the oil refinery, proposed to be set up in Barmer’s Pachpadra. The venture will be called HPLC Rajasthan Refinery Limited. The terms and condition of the venture have been finalized with the signing of the agreement.

The agreement was signed at the chief minister’s residence on Thursday. The state government and HPCL representatives discussed works that are to be undertaken over the next one year.

Chief minister Vasundhara Raje, mining and petroleum minister Surendra Pal Singh, agriculture minister Rampratap and several senior PHED, industry department and financial department officials were present when the agreement was signed.

HPCL chairman and managing director Mahendra Kumara Surana was also present.

The Rajasthan government promised to provide basic infrastructure facilities including power, water and roads for the project soon.

The process of getting NOC from the union ministry of environment will also get momentum now.

The Rajasthan government wants to complete the project as soon as possible keeping in view the assembly elections scheduled to take place next year.

The government on April 18 signed a new MoU with Hindustan Petroleum Corporation Limited (HPCL) for setting up a refinery in Barmer’s Pachpadra. The work on the refinery-cum-petrochemical complex will now resume nearly three and a half years after it was stalled when the BJP government came to power. The refinery will likely be functional by 2021.

The refinery will come up on nearly 12500 bigha land allotted in the name of a join company of the state government and HPCL. The land is close to a salt lake in Pachpadra.

Source: pinkcitypost

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