New JV company to set up and operate integrated
fuelling facility at Mumbai airport
New Delhi 30-Sep-2010
Picture taken at the signing of an MoU for the formation of a new joint venture company for setting up and operating an integrated fuelling facility at Mumbai airport shows (from left) Mr. R Radhakrishnan, General Manager (Aviation), HPC; Mr. R Sareen, Executive Director (Aviation), IndianOil; Mr. Shyamal Bhattacharya, General Manager (Aviation), BPC; and Mr. Rajeev Kumar Jain, President, MIAL.
The three oil marketing PSUs, Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation, currently providing aviation fuelling services at the Mumbai airport, have joined hands with Mumbai International Airport Pvt. Ltd. (MIAL) for the formation of a new joint venture company for setting up and operating an integrated fuelling facility.
An MoU to this effect was signed here today by Mr. R Sareen, Executive Director (Aviation), IndianOil; Mr. Shyamal Bhattacharya, General Manager (Aviation), BPC; Mr. R Radhakrishnan, General Manager (Aviation), HPC; and Mr. Rajeev Kumar Jain, President, MIAL.
The new JVC, with equal stake of 25% each from the four partners, will pave the way for the migration of the current system of individual company-operated aviation-fuelling services at Santacruz and Sahar to a single, integrated Open Access system, which is the accepted format at many international airports.
Currently, the entire gamut of aviation-fuelling services – from receipt and storage of fuel to into-plane fuelling through company-owned refuellers and a common hydrant (subterranean fuel line network) system – are being handled by the three PSUs independently, based on the needs of their respective aviation customers. These individual operations would now be replaced by an integrated fuelling facility, to be set up, maintained and operated by the JVC, which will also handle the into-plane fuelling.
At present, the combined monthly average sale of aviation fuel at both the domestic and international airports is about 119 thousand kilolitres (tkl), through about 350 refuellings per day.
The infrastructure of the JVC, including the-tank farm and related facilities, would be housed in the existing premises of the oil PSUs, which shall transfer their assets in these facilities to the JVC.
