Home ECONOMY Odisha govt authorises IDCO to take care of PCPIR’s water needs

Odisha govt authorises IDCO to take care of PCPIR’s water needs

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Odisha Sun Times Bureau
Bhubaneswar, June 29:

While the Centre is all set to fast track Petroleum, Chemicals and Petrochemical Investment Region (PCPIR) project at Paradip, the Odisha government, on its part,  has allowed the IDCO to draw 300 million litres per day (MLD) water from Mahanadi river for the execution of first phase of the project.

PCPIRIt was decided in a meeting chaired by Water Resources secretary recently, sources said.

Wapcos, a consultancy agency, which was entrusted with the assignment to prepare a study on water availiability for the PCPIR project, has presented its report to the state government.

As decided in the meeting, the Idco will draw water by constructing intake wells at suitable locations along  river Mahanadi to meet the water requirement. Similarly, water for second phase will be made available from Chitropola river via radial wells to be constructed at suitable locations.

Wapcos has also been directed to carry out necessary studies to identify the preferable locations for construction of radial wells on river Mahanadi  and asked to submit the report within one month time to Idco, which will then expedite the construction of wells, said official sources.

The PCPIR at Paradip is likely to attract an investment of over Rs 2 lakh crore. Of the expected overall investment figure of Rs 2.74 lakh crore, the lion’s share of Rs 2.3 lakh crore would come from the petroleum and petrochemicals sectors, followed by housing and allied infrastructure  (Rs 23,500 crore),  external infrastructure (Rs 13,634 crore) and Rs 3,500 crore each from chemicals & fertilisers and ancillary sectors.

IOCL, which is setting up a 15 MTPA oil refinery at Paradip, has been identified as the Anchor Tenant for the PCPIR.