Goa port ties up with private developer for coal handling berth

Goa’s Mormugao Port Trust (MPT) has entered
into a partnership agreement with Adani Mormugao
Port Terminal to develop a mechanised coal handling
berth in the port premises, a top official said here Tuesday.

As per the deal, Adani Mormugao, a special purpose
vehicle (SPV) floated by a consortium of Adani
Enterprises and Mundra Port and Special Economic
Zone, will invest around Rs.250 crore in the project
and operate it for 30 years, MPT chairman
Pravin Agarwal told reporters.

“It is a 30-year concession.
We are presently handling imports
of 5.5 million tonnes of coal annually.
Once the mechanised berth is ready,
we will be able to double the capacity,”
Agarwal said.

As per the concession agreement,
MPT will get 20 percent of the revenue
earned by the private partner, he added.

“Once fully operational, MPT expects
to earn about Rs.40 crore as our share
of revenue from coal imports handled
our private partner.”

The agreement would help the port
facilitate ready coal supply to mega
thermal plants coming up along the
western coast, especially the one in Kudagi,
near Bijapur in Karnataka and another
plant in the Sindhudurg region of Maharashtra.