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Home > Forum > Kochi > Real estate News > state plans for finishing up the FACT revivial

state plans for finishing up the FACT revivial

Q: Hey, can someone please tell me what are the latest updates on the FACT revival that the government was plannig? Give me some details if you know anything.

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Replies (10)
1
The short-term natural gas supply agreement between GAIL Gas, MMTC and FACT expires towards the end of April and the company management is expected to work out a long-term agreement soon.
Mary Rozario


2
Here is some information that you might find useful, It is learnt that with the financial crisis deepening FACT production has been reduced. Hope you get what you need.
Arjun Sridhar


3
I wanted to add that though the State had offered substantial compensation for the land through which the pipeline would pass, the work has been held up in some north Kerala districts.
Rajesh Menon


4
Yeah, also the under utilisation of the LNG terminal in Kochi has also been highlighted and completion of the pipeline work is a must for full capacity utilisation of the gas terminal here.
Smitha Ravi


5
Did you know that one of the issues that the Union government raised with the State after the new NDA government assumed power last year was the halt in pipeline work.
Sreekutty Nair


6
I hope that the spokesman was telling the truth because the pipeline has been held up for more than a year. I don't know how did that take so long to finish construction on that pipeline.
Vineet David


7
A spokesman for the Action Committee said at the end of the meeting with the Chief Minister that the State would help resume laying of the Kochi-Koottanadu-Bangalore-Mangalore pipeline,
Micheal George


8
Leaders of Save FACT Action Committee, a combine of trade unions, called on Chief Minister Oommen Chandy, leader of the Opposition V.S. Achuthanandan and BJP State president V. Muraleedharan in the State capital on Thursday to impress upon them the gravity of problems faced by FACT.
Krishnan Nair


9
Well this is not a confirmed news, but form what i can gather they are doing it in a bid to draw the attention of the Union government to the financial crisis plaguing the company.
Rajeev Narayanan


10
I can tell you that the State government has promised trade union leaders of Fertilisers and Chemicals Travancore Ltd. (FACT) that it would expedite work on the pending natural gas pipeline
Ayesha Bibi


How is everyone doing today? I wanted to ask why exactly is the government planning to help FACT?
Amal Anthony,  Kochi
27th March 2015


11

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