Bulk cargo at Gangavaram Port surges by 27%
Visakhapatnam: The all-weather deep water port, Gangavaram Port has seen an increase in its cargo handled for the year 2014.The port which has 5 berths with up to 19.5 mtrs depth witnessed a 27% increase in its bulk cargo handled.
For the period April 2014 – December 2014 the port recorded total cargo handling figures of 15.64 Million metric tonnes compared to 12.27 MMT during the same period in 2013. Commodities such as coal saw an increase of 29% while other commodities such as Limestone, Alumina, Pet coke, bauxite etc. saw an uptrend too.
Awarded to a consortium led by Mr DVS Raju wherein Warburg Pincus and government of AP are the other shareholders, Gangavaram port is said to have handled more than 1500 vessels till date and 200 capesize vessels with average parcel size of 150,000 DWT. The port claims to have handled the maximum number of capsize vessels when compared to any other port in the country.
Going forward the port’s expansion plans include aggrandizing its cargo handling capacity to 45MMTPA with additional rail sidings, stock yards, state of the art mechanized bulk material handling systems etc.
Petronet LNG Terminal
The much talked about LNG terminal that is set to come up at the port is jointly being developed by Gangavaram port and Petronet LNG Ltd (PLL). The LNG terminal which got its nod from the Andhra Pradesh government last year is set to have a capacity of 5 million metric tonnes per annum (MMTPA).
It is also informed that it will comprise of facilities such as receiving, storage and regasification of LNG at an investment of about Rs 4500 crores.
A joint venture by the government of India to import LNG and set up LNG terminals across the country, PLL is promoted by four public sector units i.e. GAIL, ONGC, IOCL and BPCL.
The other two LNG terminals are at Dahej in Gujarat and Kochi in Kerela with a 10 MMTPA and 5 MMTPA capacity respectively.