Hiranandani Group energy arm H-Energy has inked a port service agreement (PSA) with Kakinada Seaports (KSPL) to develop a liquified natural gas (LNG) regasification and reloading terminal at Kakinada port in Andhra Pradesh.
KSPL has the concession for Kakinada Deep Water Port from the government of Andhra Pradesh.
The PSA signed through H-Energy’s wholly owned subsidiary East Coast Concessions (ECPL) will help the company to develop an LNG hub at the Kakinada Port catering to the needs of domestic customers in the state of Andhra Pradesh.