Paradip Port Inks Agreement For New Coal Berth with KICTPPL
KICTPPL is a Special Purpose Vehicle (SPV) set up by Ripley Group, Kolkata, Kakinada Seaports Ltd, Bothra Group, Visakhapatnam for development of New Coal Berth for Handling Coal Imports under PPP Mode on Build, Operate and Transfer (BOT) basis
The new coal berth will cater to the needs of import coal by the Steel Plant and Thermal Power Plants located in Eastern India.
The concession period is 30 (thirty) years. The estimated cost stands at Rs. 655.56crores.With a capacity of 10 MTPA. 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.
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