India is planning to build two additional commercial-cum-strategic petroleum reserve facilities (SPR) under a public-private partnership (PPP) model at an estimated project cost of ₹14,527 crore as part of strengthening its energy security.
India is planning to build two additional commercial-cum-strategic petroleum reserve facilities (SPR) under a public-private partnership (PPP) model at an estimated project cost of ₹14,527 crore as part of strengthening its energy security.
The viability gap funding (VGF), — a government assistance provided to make essential, economically beneficial infrastructure projects commercially feasible — has been capped at 60% of the total project cost, Suresh Gopi, Minister of State for Union Petroleum Ministry stated in response to a query at the Lok Sabha.
“For development of SPR facilities under Phase-II, a PPP model is envisaged with a total project cost of ₹14,527 crores with the VGF by Government capped at 60% of the total project cost,” he said.
