NEW DELHI (Dow Jones)
Reliance Power Ltd. (532939.BY) said Thursday that it has entered into an agreement with Royal Dutch Shell PLC (RDSB.LN) to set up a 5-million-metric-ton liquefied natural gas terminal on the east coast.
The two companies together hold a majority stake in a consortium to set up the terminal for importing LNG, with the minority stake being held by unlisted Kakinada Seaports Ltd.
The terminal is expected to start operations by 2014 and its capacity may be doubled to 10 million tons later, Reliance Power said.
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