New Delhi, Aug 11 (IANS) State-run power major NTPC Thursday signed a tripartite agreement with logistics firm Jindal ITF and the Inland Waterways Authority of India (IWAI) for transportation of coal to one of its power plants in West Bengal.
‘Considering the current constraints of Indian port sector, this project is bound to bring a paradigm shift in the import of dry bulk cargo in Indian shipping sector,’ the company said in a statement.
Under the project coal from ships anchored near Haldia port would be loaded into barges and then transported to NTPC’s Farakka power station using inland waterways, it said.
‘Jindal ITF has been selected as an operator by NTPC and the IWAI through an international competitive bidding process,’ the statement said.
Probal Ghosal, chief executive, Jindal ITF, said: ‘Our partnership with NTPC will be a winning combination and is a step to leverage the opportunities existing in the inland waterways transportation domain.’
Ghosal added that the company has made a capital commitment of $140-170 million to this project, scheduled to commence within 15 months for phase-one operations.