CTCI Wins Regas Package for LNG Receiving Terminal Project at Dhamra Odisha from Adani Group
CTCI, Taiwan’s largest EPC lump sum contractor has recently been awarded a Regas Package for LNG Receiving Terminal Project by India-based Adani Group. The project will be jointly handled by the India-based CINDA Engineering & Construction Pvt. Ltd., and the parent company CTCI Corp. While this is an inaugural cooperation between the two parties, this has made CTCI the contractor with the highest market share in India’s LNG receiving terminal construction market.
The project is located at the Dhamra Port, Odisha in the east coast of India and is scheduled to be completed within 3 years. Upon completion, a capacity of producing 5 million tonnes of natural gas per annum will be made available, which will contribute to local economic development, while also ensuring cleaner fuel to refineries, fertilisers, industries in the region along with development of City Gas Distribution networks and thus help reach the Green India Mission launched by the India Government.
The Adani Group is a multinational conglomerate company based in India, and one of India’s Top 5 leading business entities. The Group’s diverse businesses include energy, resources, logistics, and agribusiness, among others, and it is known as King of Ports in India. The project is located within one of the 10 ports owned by the Adani Group.
CTCI has long been developing the India market and has established the CINDA Engineering & Construction Pvt. Ltd. in 2008 for localized operations. It has previously acquired Kochi LNG Receiving Terminal Expansion Project and Dahej LNG Receiving Terminal Phase IIIB-1 Expansion Project by Petronet LNG Limited, India. In other business lines, including petrochemical, LNG receiving terminals, and industrial plants, CTCI has also built a strong foundation, winning state level awards for outstanding project executions multiple times. This contract award not only broadens CTCI’s market reach, but with the equipment required in the project, Taiwan’s supply chain may be able to penetrate into the India market, which will also avail the New Southbound policy of the Taiwan Government.
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