Vadinar Oil Terminal is an integrated oil terminal regulated by the Kandla Port Trust (KPT). It is situated at Vadinar, Gujarat, and currently has 58 MMTPA of capacity for handling crude oil and petroleum products. The facilities consist of an off-shore single point mooring (SPM), a marine jetty (Jetty A), crude oil tanks, refined petroleum product and intermediate tanks, and rail and road gantries.has granted Vadinar I a 30-year concession to establish and operate port-related facilities for Essar Oil’s 14-MMTPA oil refinery, which is currently Vadinar I’s only customer and generated 31 MMTPA of throughput in FY 2011.
|3 stand-alone ports on the west coast and two terminals on the east coast of India|
|Presence in strategic locations of the east and the west coast|
|High visibility on revenue with long term take-or-pay contracts|
|Current capacity of 88 MTPA being scaled up to 158 MTPA by 2013; further scalability possible at most locations|
|High operating margins at both the operating ports|
Vadinar I provides port and terminal handling, marine services and evacuation facilities for crude oil, intermediate products and petroleum products, including the following:
|Unloading of crude oil and product evacuation by jetty for supply to the export market, as well as despatches by sea to the domestic market.|
|Product evacuation by road and rail.|
|Storage and handling of crude oil and refined petroleum products.|
Vadinar Port & Terminal (Vadinar II), an expansion of Vadinar I, started commercial operations in April 2011 to meet the refining capacity expansion of Essar Oil to 18 MMTPA. The terminal facilities being built include an additional marine jetty, crude oil tanks, refined petroleum product and intermediate tanks, and an additional road gantry which will together have a capacity of 12 MMTPA, taking the combined storage capacity at Vadinar to 88 MMTPA.
At Vadinar Port & Terminal (Vadinar III), the company plans a liquid storage terminal project to develop storage of crude oil and refined petroleum products. Vadinar III will utilize the facilities of Vadinar I and Vadinar II for handling cargo at the SPM and Jetties A and B, and is expected to add 1.14 million KL of crude oil and refined petroleum product tankages to the terminal. Debt financing is expected to cover per cent of the cost, with the remaining 25 per cent to be covered by equity financing.
Essar Bulk Terminal Hazira
Essar Bulk Terminal Ltd (Hazira I) is a 30-MMTPA, all-weather, deep draft dry bulk port and terminal in Hazira, Gujarat, that handles iron ore, coal, limestone, break bulk cargo such as pipes and coils and project cargo. It is regulated by the Gujarat Maritime Board, which has granted the terminal a 25-year concession for the operation of a 550-metre deep water jetty at Hazira I for handling the cargo of Essar Steel. The concession is valid until April 30, 2035. The aggregate handling capacity of Hazira I is expected to increase to 50 MMTPA when the construction of Hazira II is completed.
Hazira I is located in the Gulf of Khambatt, on the west coast of India in Surat district of Gujarat. It is connected by a 30-kilometre state highway to National Highways 8 and 6. The port and terminal is close to the Mumbai-Delhi railway line and a dedicated freight corridor is currently under development.
Hazira I handles the steel cargo of its key customer Essar Steel pursuant to a 15-year agreement (expiring April 30, 2025) containing a minimum volume take-or-pay clause.