Kochi: The foundation stone for the long-awaited LNG
terminal at Kochi is likely to be laid soon , according
to the reports from union power minister P M Sayeed''s
conveyed this message to chief minister A K Antony after
receiving a memorandum in this regard from him. The power
tariff in the State would come down after the completion
of the LNG terminal as the NTPC project in Kayamkulam
has been decided as the anchor load consumer. The State
Government has agreed to lower sales tax for the LNG terminal.
Rs 1,600 crore, 2.5 million TPA project, had been delayed
due to the dispute between the power ministry and the
petroleum ministry for undertaking it. Recently, petroleum
minister Mani Shanker Aiyar had said the issue would be
sorted out with Sayeed soon.
project will help the economy in general and especially
industrial and power units. The revival of FACT and other
units will be much easier with the LNG terminal completion.
also met union finance minister P Chidambaram and submitted
a detailed memorandum. Kerala urged the full Central assistance
as grants and writing off of dues to the Centre. It wanted
the state to be allowed to pose projects to donors. Assistance
received for projects from multilateral and bilateral
agencies may be passed down on the same terms and conditions
available to the Centre.
memorandum wanted the permission to States to enter market
for raising loans. Fifty percent of the outstanding loans
from the National Savings stream may be written off ,
to chief minister''s office, Chidambaram showed interest
in several issues raised by the state. A special mention
has been made
about the projects excluded by the NDA Government , like
an international convention complex in Thiruvananthapuram.