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West Bengal

Understanding the need for an all weather sea port in Eastern India, USE is planning to set up one such port in West Bengal. This is expected to become a major point of import and export for the Eastern & North Eastern Region of the Country in the near future. This proposed port is also expected to compliment and support the development of the Nayachar Eco Industrial Park in the nearby Haldia region. Various studies for the proposed Port are currently being conducted by International Consultants. The Detailed Project Report (DPR) is expected by the end of 2010 and the first phase of the port development is expected to be completed by 2014.

The group is also developing a number of jetties in the Nayachar Island for transporting construction material and project equipment required for developing the complex and to transport the raw materials and finished goods required for the industry to be developed in Nayachar.

USE has signed an MOU with the Government of Gujarat during the Vibrant Gujarat Investors Summit 2009 for setting up a Greenfield Sea Port in the State. The port terminal is planned to initially handle coal imports for the group’s proposed thermal power plant coming up in a site very near the identified port site in the District of Jamnagar, Gulf of Kutch. This facility will subsequently be expanded over a period of time to handle multiple cargos, including container and liquid cargo. This port is planned to handle about 30 Million Metric Tonnes of coal per year for the various power plants in the region and will enable the group to control the entire value chain from port to power to SEZ development. Various preliminary exploratory activities for the development of the Port have been initiated and the first phase of the Port is planned to be ready by the commissioning of the first unit of Power plant by the year 2014. Consultants have been appointed for conducting various techno-economic studies and site specific surveys and various clearances are at an advanced stage.

The indicative initial investment is about INR 800 crores for the initial bulk cargo (coal) terminal and is likely to increase to about INR 2200 crores over a period of about 12 years when the complete modern port becomes operational for all kinds of cargo. The group is in constant coordination with the Gujarat Maritime Board, which is responsible for all port development activities in Gujarat.