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Adani eyes investments in Bangladesh ports
MAMUNI DAST+ T-
NEW DELHI, OCTOBER 26
Adani Group, India's largest private port operator, is eyeing investments in Bangladesh ports through private-partnership, according to senior executives.
It is exploring possibilities to invest in Chittagong Port's proposed Bay Terminal, a deep terminal proposed to be developed near the port. Asian Development Bank is considering funding the terminal, which is expected to handle coal. This terminal is also on the top priority of Bangladesh government's infrastructure road map.
Bangladesh is expanding its congested Chittagong Port. It is inviting private investment through public-private-partnership to further develop the port infrastructure. On Thursday, an Adani Group executive expressed interest in making an investment in the concerned terminal before visiting Bangladesh shipping and trade delegation. The delegation was here for a Secretary level talks between India and Bangladesh. However, questions sent to the company remained unanswered.
Adani Group's port arm – APSEZ – has invested in several terminals in India along east coast including Dhamra, Ennore and Katupalli. It has investments in ports, power, energy and real estate and is also present in Haldia, West Bengal. It also has an edible oil refining facility through Adani Wilmar. Incidentally, APSEZ is also coming up with an LNG import terminal at Dhamra port in Odisha, for which has signed a long-term agreement with Indian Oil Corporation Ltd (IOC).
The proposed LNG terminal will play a strategic role in supplying gas to Bangladesh and Myanmar as well, Karan Adani,CEO, Adani Port SEZ has earlier stated. As per the contract, IOC has booked 3 million tonnes per annum (MTPA) re-gasification capacity spread over 20 years. IOC plans to supply the gas to its refineries at Paradip in Odisha and Haldia in West Bengal.
Published on October 26, 2018
MAMUNI DAST+ T-
NEW DELHI, OCTOBER 26
Adani Group, India's largest private port operator, is eyeing investments in Bangladesh ports through private-partnership, according to senior executives.
It is exploring possibilities to invest in Chittagong Port's proposed Bay Terminal, a deep terminal proposed to be developed near the port. Asian Development Bank is considering funding the terminal, which is expected to handle coal. This terminal is also on the top priority of Bangladesh government's infrastructure road map.
Bangladesh is expanding its congested Chittagong Port. It is inviting private investment through public-private-partnership to further develop the port infrastructure. On Thursday, an Adani Group executive expressed interest in making an investment in the concerned terminal before visiting Bangladesh shipping and trade delegation. The delegation was here for a Secretary level talks between India and Bangladesh. However, questions sent to the company remained unanswered.
Adani Group's port arm – APSEZ – has invested in several terminals in India along east coast including Dhamra, Ennore and Katupalli. It has investments in ports, power, energy and real estate and is also present in Haldia, West Bengal. It also has an edible oil refining facility through Adani Wilmar. Incidentally, APSEZ is also coming up with an LNG import terminal at Dhamra port in Odisha, for which has signed a long-term agreement with Indian Oil Corporation Ltd (IOC).
The proposed LNG terminal will play a strategic role in supplying gas to Bangladesh and Myanmar as well, Karan Adani,CEO, Adani Port SEZ has earlier stated. As per the contract, IOC has booked 3 million tonnes per annum (MTPA) re-gasification capacity spread over 20 years. IOC plans to supply the gas to its refineries at Paradip in Odisha and Haldia in West Bengal.
Published on October 26, 2018
