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Only two new strategic storage facilities approved: Rs 10,000 crore opportunity
Apr 05:   A Rs 10,000 crore business development opportunity has sprung up to build two new underground strategic reserves
8The government's Expenditure Finance Committee has short listed two of the four strategic storage proposals of the petroleum ministry
8The cost break down for the two projects are given as well as a detailed write-up
8Project completion timelines are 64 months and 96 months respectively
8The government meanwhile is still looking at options on how to fill up the Padur strategic storage facility, which it has completed building, as it has found funding for filling up the Vizag and Mangalore caverns to be too expensive.
8Six companies have responded to an invitation to participate in the filling up of Padur cavern in a way in which the government does not need to fund the effort
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