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ESSAR Ports Ltd has plans to develop four Liquefied Natural Gas (LNG) terminals in joint ventures, said Mr Rajiv Agarwal, CEO and Managing Director, while interacting with the media at the company’s Visakhapatnam facility recently.
Given that the company already has LNG cargo and customer tie-ups, having terminals would help it reduce input costs, it was pointed out.
Besides, the company intends expanding its iron ore handling capacity at Visakhapatnam terminal (outer harbour) from 12.5 MMTPA to 23 MMTPA, Mr Agarwal said. The investment entailed would be Rs 830 crore.
Post upgradation and modernisation, the loading capacity of the facility, operated through Essar Vizag Terminals Ltd (EVTL), will surge to 120,000 tonnes per day. Over the past two years, the loading capacity of the terminal has been increased from 25,000 tonnes per day to 70,000 tonnes per day.
And it will be able to berth vessels of up to 200,000 DWT on the outer harbour, with a draught of 18 metres, it was emphasised.
EVTL took charge of the iron ore facility at Visakhapatnam Port over two years back, as a design-build-finance-operate-transfer (DBFOT) project with a concession period of 30 years.
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