New Delhi Investors setting up greenfield urea production plants will be given subsidy to cover the cost of imported liquefied natural gas (LNG) up to $17-18 per million metric British thermal unit (mmBtu), a generous concession that will also take care of freight charges and marketing margins charged by the suppliers.
Currently, LNG is available in global spot markets at about $14-15 per unit excluding such incidental costs, a price that was previously considered by the Pranab Mukherjee-led group of ministers as part of a new policy to promote investments in the sector.
Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/new-urea-units-get-subsidy-cover-cost-imported-gas-18-unit
[2] http://admin.indiaenvironmentportal.org.in/category/author/gireesh-chandra-prasad
[3] http://admin.indiaenvironmentportal.org.in/category/newspaper/financial-express-new-delhi
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/liquefied-natural-gas-lng
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/chemical-fertilisers
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/subsidies
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/imports
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/fertiliser-industry
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/industry
