(a) whether the Government has fixed any target to start and complete the
Mega Gas Cracker Project in Assam;
(b) if so, the details thereof;
(c) the number of people directly and indirectly likely to be benefited;
(d) the place at which the corporate office of the project is likely to be located
in Assam; and
(e) the present status of the said project ?
THE MINISTER OF STATE IN THE MINISTRY OF CHEMICALS & FERTILIZERS
AND MINISTER OF STATE IN THE MINISTRY OF PARLIAMENTARY AFFAIRS
(SHRI B.K.HANDIQUE)
a) & b) The Government has approved, during the year 2006-07, Assam Gas
Cracker Project at Lepetkata, Distt. Dibrugarh, Assam, with Gas Authority
of India Limited (GAIL) as the lead promoter, with equity arrangement of
GAIL: 70%, Oil India Limited (OIL), Numaligarh Refinery Limited (NRL)
and Assam Industrial Development Corporation (Government of Assam):
10% each. The total project cost is Rs. 5460.61 Crores (fixed cost).
Capital Subsidy of Rs. 2138 Crores for the project during construction
period of 5 years and Feedstock subsidy of Rs. 908.91 Crores for the
project spread over 15 years of operation period has been approved. The
project will produce polypropylene (PP) 60,000 TPA and High Density
Polyethylene (HDPE)/Linear Low Density Polyethylene (LLDPE) 220,000
TPA. A Joint Venture Company i.e. M/s Brahmaputra Cracker & Polymer
Limited (BCPL) has been constituted for this purpose. The implementation
schedule is 60 months from the financial closure.
c) This project is expected to give rise to approximate employment
generation to the tune of 1,00,000 both direct as well as indirect, basically
by attracting investments in the downstream plastic processing sector.
d) At Guwahati in Assam.
e) The present status of the project so far is as follow:
i) An Agreement for constituting Joint Venture Company was executed
on 18.10.2006, namely M/s Brahmaputra Cracker & Polymer Limited
(BCPL) which was incorporated on 8th January 2007.
ii) The Registered Office at Guwahati and Project Office at Dibrugarh
have been made operational. Chief Operating Officer (COO) and
Chief Finance Officer (CFO) have been posted
iii) The Hon’ble Prime Minister of India laid the foundation stone of the
project on 9th April 2007 at Lepetkata, District Dibrugarh in Assam
iv) 2692 bighas (approx 890 Acres) of land, out of approx 1108 Acres
needed for the project, has been acquired by BCPL
v) Feedstock (Gas and Naptha) supply agreements have been
approved by the BCPL Board
vi) Oil India Development Board has agreed to offer a term loan of
Rs.327 crore.