The AP government has given in-principle approval to Krishnapatnam Port Company Limited (KPCL) to set up a floating storage and regasification terminal on BOST basis. It will be set up by Malaysian firm Isomeric Holdings Sdn Bhd and LEPL Ventures Private Limited consortium. The project is expected to involve foreign direct investment of about USD 2 billion. It will be ready in about 18 months.
Extracted from TNN, Mar 02,’16