FEWL Gets Flak from IOC Over Delays in Paradip Refinery Project

摘要

IOC's Paradip Refinery project appears to be jinxed with delays and stoppages dogging the project from day one. The project IRR is being revised downwards and the commissioning date is getting pushed backwards. Sources say that IOC cannot blame it all on others and it also has much to answer for. The power plant for the refinery was meant to have come up as a joint venture but slow progress meant the project had to come up as a captive unit. Initially, all units were to be implmented by IOC but a few were subsequently contracted out under BOO and BOOT models, thereby creating a lot of confusion, they add.