Tractebel Engineering has bagged an order worth $10 million (approx Rs 50 crore) from Gujarat State Petroleum Corporation (GSPC) LNG for conducting the front-end engineering and design (FEED) study for its 6.5 million tpa LNG terminal project at Mundra SEZ in Gujarat.

Tractebel is expected to submit its reports in two phases in a period of nine months. Construction work on the project is likely to begin in the second half of 2010.

GSPC LNG is an SPV created by GSPC to set up an LNG receiving, storage and re-gasification terminal in the state. GSPC is likely to hold 51 per cent stake in the project, and the Adani Group about 25 per cent.

The proposed LNG terminal is to come up in Mundra SEZ and to be developed by the Adani Group. Currently, GSPC LNG is in the process of re-claiming 28 ha from the sea at an estimated investment of Rs 500 crore.

GSPC is planning to set up the LNG terminal with an initial capacity of 6.5 million tpa, with plans to scale it up to 20 million tpa in a phased manner. In Phase I, a five million tpa and 6.5 million tpa terminal in peak periods will be built at an investment of Rs 3,500 crore, along with two tanks and a jetty. The company intends to add re-gasification hardware that will ramp up the capacity to 7.5 million tpa.

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