The Hindu·3 min read·medium
India plans Phase-2 of strategic petroleum reserves under PPP model at estimated ₹14,527 crore
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The Hindu Bureau
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India is planning to develop two new strategic petroleum reserve facilities under a public-private partnership model at a cost of ₹14,527 crore. The government will provide up to 60% of the project cost as viability gap funding to enhance national energy security.
India is planning to build two additional commercial-cum-strategic petroleum reserve facilities (SPR) under a public-private partnership (PPP) model at an estimated project cost of ₹14,527 crore as part of strengthening its energy security.
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