Essar Ports today said it has entered into a concession pact with Mozambique government to develop a new 20 MTPA coal terminal at Beira Port in the Southeast African country.
“Essar Ports has signed a 30-year concession agreement with the Government of Mozambique to develop a new coal terminal at Beira Port, as part of a public private partnership (PPP) project,” the company said in a statement.
The project will be executed on design, build, own, operate and transfer (DBOOT) basis through an arm — New Coal Terminal Beira, SA (NCTB SA) — a JV of Essar and Portos e Caminhos de Ferro de Mocambique.
The project will augment the coal handling capacity of Mozambique by 20 million tonnes per annum (MTPA).
“We would like to congratulate the Government of Mozambique for this initiative. It will not only boost coal exports from Mozambique and strengthen its economy, but also deliver significant direct and indirect benefits,” Essar Ports CEO & Managing Director Rajiv Agarwal said. Read more
Latest posts by ET Energy World (PTI Copy) (see all)
- Sterlite Power Sells 3 Transmission Assets To IndiGrid For Rs 1,410 Crore - February 21, 2018
- Delhi Witnessed Lowest Ever Power Cuts This Financial Year - February 20, 2018
- Confidence Petroleum Arm To Market Composite LPG Cylinders - February 20, 2018