A Techno-Economic Feasibility Report (TEFR) for installation of a new brown field Ammonia-Urea Complex was forwarded to Planning Commission in May 2011 for examination, in-principle approval and allocation of fund in the 12th Five Year Plan. Planning Commission advised Department of Fertilizers for forming a Joint Venture for installation of a new plant Namrup-IV. Discussions are being held with M/s Oil India Limited (OIL), M/s GNVFCL and Government of Assam for equity participation in the new project.
Total cost of the new plant has been estimated to be Rs. 3311.00 crore with loan to equity in the ratio of 2:1. Since BVFCL is a loss making company and does not have the requisite fund for installation of a new Brownfield plant and in order to maintain the PSU character of the proposed plant, Planning Commission was requested again in March 2012 for allocation of Rs. 695.52 crores in Plan outlay of 12th Five Year Plan for the project. Planning Commission responded that the funding pattern has to be finalised before seeking ‘In-Principle’ approval for the project and hence Department of Fertilizers may explore the possibility of open bidding and Expression of Interest (EoI) for equity participation from Private Sector companies.
This information was given by the Minister of State for Chemicals and Fertilisers, Shri Srikant Kumar Jena in a written reply in the Lok Sabha today.
Total cost of the new plant has been estimated to be Rs. 3311.00 crore with loan to equity in the ratio of 2:1. Since BVFCL is a loss making company and does not have the requisite fund for installation of a new Brownfield plant and in order to maintain the PSU character of the proposed plant, Planning Commission was requested again in March 2012 for allocation of Rs. 695.52 crores in Plan outlay of 12th Five Year Plan for the project. Planning Commission responded that the funding pattern has to be finalised before seeking ‘In-Principle’ approval for the project and hence Department of Fertilizers may explore the possibility of open bidding and Expression of Interest (EoI) for equity participation from Private Sector companies.
This information was given by the Minister of State for Chemicals and Fertilisers, Shri Srikant Kumar Jena in a written reply in the Lok Sabha today.
