Punj Lloyd JV bags $204-bn gas pipeline contract in Turkey
Punj Lloyd on Thursday announced that its joint venture company with Limak has won a Rs.1,390-crore ($204 million) order to develop TANAP gas pipeline in Turkey. As part of the order, the Indian engineering and construction major along with its joint venture partner will construct 459 kilometres of gas pipeline. The total order is worth Rs.2780 crore ($409 million). “TANAP, the Trans Anatolian Natural Pipeline Project, will be built to transport natural gas emanating from the South Caucasus Pipeline Company (SCPC) pipeline in Georgia and terminating into the Trans-Adriatic Pipeline (TAP) in Greece,” Punj Lloyd said in a statement. Punj Llyod’s scope of the present project is the second phase of construction from the new Eskisehir Compressor station to the tie-in point of the Trans Adriatic Pipeline. “This is the second project for Punj Llyod Limak JV in Turkey. With our extensive knowledge of the region’s topography and our internationally recognised best practices, I am confident of executing this pipeline in the given timeframe of 35 months,” said Atul Jain, President and CEO, Pipeline and Tankage, Punj Lloyd. The project aims to bring natural gas produced from Azerbaijan’s Shah Deniz-2 gas field, and other areas of the Caspian Sea, primarily to Turkey and also on to Europe.
January 28, 2016 | 06:10pm IST
to success.