JV News
UPDATE 1-Reliance Power, Shell in JV for India LNG terminal
NEW DELHI, May 31 (Reuters) - India's Reliance Power
and Kakinada Seaports along with Royal Dutch Shell
will jointly set up a liquefied natural gas (LNG)
terminal on India's east coast to meet local gas demand, the
companies said in a joint statement.
The terminal will help Reliance Power, controlled by
billionaire Anil Ambani, secure fuel supplies for its 2,400
megawatt (MW) gas-fired project
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