Question: What one is not true about the Barmer refinery project?
(a) This project will be set up in Pachpadra, Rajasthan.
(b) The cost amount of this project will be Rs. 43,129 crores.
(c) The goal of conclusion of engineering has been kept for 5 years.
(d) The capacity of this refinery (BS-6) will be 9 MMTPA.
Answer: (c)
Related facts:
- On January 9th, 2018; according to a press release published by the Ministry of Petroleum and Natural Gas, Prime Minister Narendra Modi will launch the project work of Barmer Refinery in Pachpadra, Rajasthan on January 16th, 2018.
- The cost of this project will be Rs 43,129 crore.
- The goal of engineering conclusion has been kept 4 years.
- The capacity of this refinery will be 9 MMTPA.
- The equity shares of Hindustan Petroleum Corporation Limited (HPCL) in the refinery will be 74 per cent and Rajasthan’s equity share will be 26 per cent.
- An interest free loan of Rs.1123 crore per annum for 15 years and the target of repayment of loan for the next 15 years from 16th year is fixed.
- The new refinery will produce updated BS-6 fuel.
- During the construction period, indirectly 40,000 jobs and 1000 direct employment opportunities will be created.
- This will improve in the field of social uplift, the skill development and the ability to earn education and improve the quality of life.
- In the field of economic development, it will set up other industries and subsidiary industries based on petrochemicals.
- Infrastructure like road and communication networks, schools and colleges and medical, health and service industries will be developed.
- It is known that in 2013 this project was approved by the Government of India.
- The then Congress President Sonia Gandhi laid its foundation stone in Pachpadra in Barmer on September 22, 2013 (before commencement of the code of conduct from September 27, 2013).
- Earlier, the IRR of the project was 6.32 percent, which is now 12.2 percent.
- Due to this, the financial burden on the state government has come down from Rs 56,040 crore to Rs 16,845 crore.
- This has saved the state government nearly Rs 40,000 crore.
- In lieu of land cost of 188.80 crores, the Government of India has been given equity in this project.
- For undertaking project work all necessary permissions / approvals have been obtained from the Government of India for revised project and environmental permission from the Ministry of Environment and Forests.
- 32 acres land has been acquired for the refinery plant and 250 acres for marketing terminal in Pachpadra (Barmer).
- It is worth mentioning that this will be the first BS-6 fuel refinery in the country.
Reference:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=175491
http://www.thehindubusinessline.com/news/pm-to-commence-barmer-refinery-project-next-week-pradhan/article10022620.ece