The VO Chidambaranar Port Trust (VOCPT) and Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) have signed a Memorandum of Understanding (MoU) for the upgradation of Coal Jetty I and II.
With the upgradation, the VOCPT is all set for a four-fold increase in the capacity of two of its Coal Jetties – Jetty I and II from 6.25 MTPA to 24 MTPA, whereas TANGEDCO will be able to handle additional volume of coal cargo for the upcoming new power plants in Uppur and Kadaladi in Ramanathapuram district in Tamil Nadu.
Present at the occasion, the Minister of Shipping and Road Transport and Highways, Nitin Gadkari said that the project would make coal handling by the jetties much more voluminous and efficient, and thus bring down logistics costs.
“This would also allow for cheaper production of electricity, which would be very beneficial for industrial growth,” the Minister added.
The project is the outcome of Ministry of Shipping’s Project Unnati, under which a study “Unlocking National Ports Potential” was performed to improve the handling capacity of CJ-I and II, Bureaucracy Today has learnt.