In an attempt to enhance its coal import
infrastructure, Paradip Port Trust (PPT) today inked a concession agreement
with Kalinga International Coal Terminal Paradip Private Limited (KICTPPL),
KICTPPL is a Special Purpose Vehicle (SPV)
set up by Kakinada Seaports Ltd, Bothra Group, Visakhapatnam and Ripley Group,
Kolkata for development of New Coal Berth for Handling Coal Imports in PPP Mode
on Build, Operate and Transfer (BOT) basis
The new coal berth will to cater to the
needs of import coal by the Steel Plant and Thermal Power Plants in the PPT
The Concession Agreement was signed by
Rinkesh Roy, Chairman, Paradip Port Trust on behalf of Paradip Port and Ajit
Bothra, Director, KICTPPL in the presence of the senior officers of from both
KICTPPL and Paradip Port Trust.
KICTPPL emerged successful through a
global competitive bidding process, as the concessionaire for this Coal Import
Terminal quoting a revenue share of 36.53% to the Port. The concessionaire
shall be responsible for financing, designing, construction, commissioning of
the Project along with operation and maintenance under the concession
agreement. The concession period is 30 (thirty) years. The estimated cost
stands at Rs. 655.56crores.On completion of construction, 10 MTPA of cargo
shall be added to the capacity of the Port. The draught of the proposed Berth
will be 16mtrs. with a length of 370 mtrs. which will facilitate handling of
cape size vessels. The Berth will be equipped with modern and efficient
machineries like Rail Mounted Ship Unloaders, Stackers &Reclaimers, and
Wagon Loading System to handle the projected traffic. The entire coal cargo
will be handled through mechanized means and enclosed conveyors in order to
operate in environmentally sustainable manner..
PPT will provide supporting facilities
like Capital & Maintenance dredging and Rail Connectivity to the Terminal.
This Project will be developed on the northern side of the dock and is
scheduled to be commissioned within 3 years.