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Maharashtra: Proposed refinery project in Ratnagiri in the midst of controversy, Uddhav Thackeray demands change of place from PM Modi

Chief Minister Uddhav Thackeray requested to shift the multi-billion dollar refinery project to some other place in the coastal district. A senior official of the Chief Minister’s Office gave this information on Wednesday. It is proposed to build this project at Nanar in Ratnagiri district.

The proposed refinery project in Ratnagiri is in the midst of controversy (symbol)

Image Credit source: RRPCL

Maharashtra (Maharashtra) Chief Minister Uddhav Thackeray (Uddhav Thackeray) has written a letter to Prime Minister Narendra Modi requesting to change the location of the proposed refinery project in Ratnagiri. He requested to move this multi-billion dollar refinery project to another location in the coastal district. A senior official of the Chief Minister’s Office gave this information on Wednesday. It is proposed to build this project at Nanar in Ratnagiri district. But due to opposition from local organizations and the ruling Shiv Sena in the state, its work is currently stalled. A senior official in the Chief Minister’s Office said, “The Chief Minister had written a letter to the Prime Minister in January regarding shifting of the refinery project to another location.”

The project, worth about $ 60 billion, is to be jointly constructed by Saudi Aramco of Saudi Arabia and Abu Dhabi National Oil Company (ADNOC) of the United Arab Emirates. A nuclear power plant of over 9,000 MW is also to be set up at Jaitapur in Ratnagiri. Ratnagiri Refinery & Petrochemicals Ltd.-RRPCL will implement this project.

Ratnagiri’s proposed refinery project

  • The project was agreed upon at the 16th International Energy Forum held in New Delhi in 2018.
  • Then Saudi ARAMCO and Abu Dhabi National Oil Company (ADNOC) signed an MoU to jointly develop and build an integrated refinery and petrochemical complex at Ratnagiri, Maharashtra.
  • Ratnagiri Refinery & Petrochemicals Ltd.-RRPCL will implement this project.
  • This is the highest single foreign investment in India’s refining sector.
  • The project will be set up as a 50:50 venture between an Indian consortium and Saudi Aramco and Abu Dhabi National Oil Company (ADNOC).
  • The project is expected to cost around Rs 3 lakh crore (US$ 44 billion). Ratnagiri Refinery Project will be capable of processing 1.2 million barrels of crude oil per day (60 million metric tonnes per annum).
  • Ratnagiri Refinery & Petrochemicals Limited (RRPCL) is a Joint Venture Company formed on September 22, 2017 with equity participation of 50:25:25 per cent between IOCL, BPCL and HPCL respectively.
  • It will be a world class refinery-cum-petrochemical complex.
  • Its west coast presence will attract the global market.
  • This refinery will also produce other petroleum products including BS-VI petrol and diesel.

Work will start with the consent of the local people: Aaditya Thackeray

State Environment Minister Aaditya Thackeray, during his visit to Ratnagiri on Tuesday, said that work on the proposed refinery project in the Konkan region would be started only after consulting and getting their consent from the local people. At the same time, Union Minister Dharmendra Pradhan had reportedly said on Sunday that the project work is expected to resume as the Maharashtra government is changing its stand in this regard.

Also read- Maharashtra: Controversy started between BJP and Shiv Sena over Nanar refinery project, Congress gave a different proposal in between

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