In an attempt to enhance its coal berthing 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 hinterland.
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 machinery 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.