13 June 2011 14:31 [Source: ICIS news]
LONDON (ICIS)--Maire Tecnimont has been awarded the engineering, procurement and construction (EPC) contracts by ?xml:namespace>
The capacity of the polypropylene plant is estimated to be 340,000 tonnes/year, while the capacity of the two high density PE (HDPE)/linear low density PE (LLDPE) swing plants is estimated to be 360,000 tonnes/year each.
The EPC contracts were awarded after an international competitive bidding process, Maire Tecnimont said.
OPaL is a joint venture incorporated in 2006 by Indian energy major Oil and Natural Gas Commission (ONGC), which holds a 26% stake, and Gujarat State Petroleum Corp (GSPC), which has a 5% share. OPaL’s other current shareholders include GAIL India, which holds a 19% stake.
($1 = €0.70)
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