NLC appoints EIL as Project Management Consultant for Methanol Project by admin- Wednesday, June 15th, 2022 03:19:51 PM
As part of the diversification initiative, NLCIL, a Navratna PSE functioning underneath Ministry of Coal is planning for indigenous methanol manufacturing as in keeping with Atmanirbhar Bharat vision of Government of India and proposes to set up Methanol Project the use of Lignite at Neyveli, Tamilnadu with a capability of 1200 Tonnes consistent with day (0.40 MTPA) at a capital cost of approximately Rs. 4400 crore. This landmark challenge, first of its kind, is expected to be commissioned at some stage in 2027.
NLCIL has requested the Ministry of Coal to encompass the mission within the Centre’s proposed Production Linked Incentive Scheme, underneath which a monetary incentive might be provided for each unit of production bought.
NITI AAYOG has earlier recommended to enforce the venture on speedy music mode and will be monitoring the implementation of it.
EIL, a Navratna PSU functioning under Ministry of Petroleum and Natural Gas, has been engaged as Project Management Consultant for this prestigious Project. EIL’s tremendous revel in in Hydrocarbon region coupled with NLCIL’s robust venture implementation group and expe, rience shall make sure that this landmark assignment is efficiently was a reality within expected timeline.