The Petroleum and Herbal Fuel Regulatory Board (PNGRB) in an order on June 7 mentioned that HEPL had won the license on June 28, 2016 for laying the 635-km-long Jaigarh-Mangalore Herbal Fuel Pipeline (JMPL). The pipeline with a complete shipping capability of 17 million cubic meters according to day was once to be finished by means of June 27, 2019. Jaigarh is the port the place HEPL is putting in a terminal for LNGI imports.
In keeping with the order, “The Board tested the JMPL venture and located that the growth was once ‘nil’ as of March, 2022. PNGRB had given time until March 31, 2021 to HEPL to finish the venture. This was once topic to of entirety of positive actions by means of September 30, 2020. The time limit of September 30, 2020, was once later prolonged to March 31, 2021. Alternatively, the corporate failed to stick to the timelines to finish the actions.
PNGRB has ordered encashment of 25 according to cent of the ‘Efficiency Based totally Financial institution Ensure’ which is 5 crores. This ensure was once given by means of HEPL after profitable the contract for the pipeline venture.
In keeping with PNGRB, the venture has come to an entire standstill since March, 2020.