Mundra Port to build coal import terminal at Visakhapatnam port
22 Mar 2011
Mundra Port and Special Economic Zone, India's largest private multi-port operator and a subsidiary of infrastructure conglomerate Adani Enterprises, has won a bid to develop a coal import terminal at Visakhapatnam.
The construction of the terminal costing around Rs300 crore, also marks MPSEZ's entry in the East Coast of India.
MPSEZ has been selected by the Visakhapatnam Port Trust to develop the 'Berth East Quay -1' coal terminal through a competitive bidding process on a design, build, finance, operate and transfer basis, the company said in a release.
The berth will be designed to handle coal import volume of approximately 6.5 million metric tonnes per annum. The company plans to build and commission the terminal within 24 months.
The Visakhapatnam port is a strategic port for coal imports to feed local industries and power plants located in the states of Andhra Pradesh, Odisha, Chhattisgarh and eastern Maharashtra.
The project is in line with the Adani group's long-term strategic plan, the release said.