Advertise Here [728 W x 90 H pixels]
Construction : Web Exclusive | November 2012 | Source : Construction Update

Essar Ports to commission berth project soon

Agency reports suggest that Essar Ports expects official approval for commissioning the 16 million tonne per annum iron ore berth at the Paradip Port within a few weeks.

The Rs 520-crore iron ore berth project was executed with a 75:25 debt equity component. It is learnt that the civil and engineering work for the project is over. The company, which already operates two ports with a combined capacity of 88 mn t at the Vadinar and Hazira in Gujarat, bagged the 30-year concession BOT order in 2009 from the Paradip Port Trust.

Meanwhile, the company would build a mechanised coal berth of 370 meter length at the Paradip Port and it would be one of the most advanced port facilities of its type in the country.

The firm secured forests clearance in June this year for the 4-mn t coal berth terminal. This coal terminal award is a part of the Paradip Port's plans towards mechanisation of imports of this fuel. Last year, the port handled around 12 mn t of imported coal. As per the concession agreement, this volume, along with any incremental volume, will shift to the mechanised berth that will be built by Essar Ports.

Essar Ports currently operates 88 mn t of port capacity between the Vadinar and Hazira ports. The company is expanding its total capacity to 158 mn t per annum by 2014. The Paradip coal berth will add 14-18 mn t of third-party cargo volume to the private port.

 
Advertise Here [728 W x 90 H pixels]