HPCL to set up Rs 13,800cr captive power plant

New Delhi, Nov 22 (UNI) Hindustan Petroleum Corporation Ltd (HPCL) upcoming today said it will set up a captive power plant within its Bhatinda refinery complex at Rs 13,800 crore by September 2010.

HPCL's subsidiary Guru Gobind Singh Refinery Ltd (GGSRL), which is implementing a nine million metric tonnes per annum (MMTPA) grassroot refinery at Bhatinda, Punjab, will also create a facility for the crude oil receipt, storage and transfer facilities at an estimated cost of Rs 3,450 crore.

The completion of this facility will coincide with the completion of the refinery which is expected to handle 20,000 barrels per day.

The crude oil receipt, storage and transfer facilities namely Single Point Mooring (SPM), crude oil terminal (COT) at Mundra and the 1,011 km crude oil pipeline from Mundra to Bhatinda for supply of crude oil to the refinery will be implemented by HPCL, HPCL Chairman and Managing Director M B Lal told mediapersons here today.

He said the refinery has been configured for processing heavy and sour crudes to take advantage of the price differentials vis-a-vis light and sweet crudes.

Refining margins would be higher because of the flexibility to process low cost opportunity crudes and produce high value products.

The refinery would be capable of meeting the Bharat Stage IV quality norms for transport fuels. The Nelson Complexity Index (NCI) which is a measure of the refinery's capability to upgrade low value crudes to high value products, is quite high at 9.6 vis-a-vis its peers.

The major products from the refinery would be Liquified Petroleum Gas (LPG), Naptha, High Speed Diesel (HSD), Kerosene, jet fuel, polypylene, coke.

The refinery would supply to Punjab, Jammu and Kashmir, Himachal Pradesh, Delhi and parts of Haryana and Rajasthan.

The Engineers India Ltd (EIL) have been appointed as the project management consultant for imlementing the project, he added.

UNI RT/BKS PV GC1541