Gujarat Government has given approval to the world’s first CNG terminal at Bhavnagar port. According to a release issued by the State Information Department, the joint venture of United Kingdom-based Foresight Group and Mumbai-based Padmanabh Mafatlal Group, will invest 1,900 crore rupees to set up a CNG terminal at Bhavnagar port.
Gujarat Chief Minister Vijay Rupani as a Chairman of the Gujarat Infrastructure Development Board - GIDB- approved this proposal. The proposed CNG terminal will have an annual capacity of 1.5 metric tonnes.
Memorandum of Understanding between the Gujarat Maritime Board and London-based Foresight Group was signed during the Vibrant Gujarat Summit earlier this year. At present, the Bhavnagar port is operated by the Gujarat Maritime Board, which is handling three metric tones of cargo annually. (AIR NEWS)