KPC, Arutmin supply coal to Tata's Mundra power project
Friday, July 29 2011 - 02:14 AM WIB
The Cape size vessel owned by the Singapore subsidiary- Trust Energy Resources Pte Ltd anchored at the Mundra Port on 27th July 2011.
?Trust Integrity? the 181,000 DWT tonnage cape vessel delivered from STX Shipyard, Korea carried coal from PT Kaltim Prima Coal (KPC) and PT Arutmin Indonesia mines to the Mundra port, during her maiden voyage, Tata said.
KPC and Arutmin are coal unit of Indonesia's largest coal company PT Bumi Resources.
Speaking on ?Trust Integrity?s maiden voyage Anil Sardana, Managing Director of Tata Power said ?This is a significant moment for us which is aligned to our strategy of being an integrated power player. With this objective in mind, Trust Energy was setup to securitize the supply and shipping of coal for our thermal projects. Trust Energy has a vision of becoming a world-class dry bulk shipping company with global standards in its operations, generating trust, dependability and reputation.?
The arrival of ?Trust Integrity? at Mundra reinforces the company?s fuel supply and logistics management integration, planned for the Mundra UMPP project. This further marks a new trend in India of transporting and receiving coal in large parcel sizes of up to 180000 MT in these cape vessels for captive consumption, thereby setting an industry benchmark in timeline management and smooth execution of large scale power projects.
Adding further Alok Kanagat, Executive Director, Coastal Gujarat Power Limited, said ?This further reinforces our end-to-end integration from coal securitization to shipping to executing an ultra mega size project. The entire team behind the scenes needs to be applauded for their relentless efforts in achieving the project deadlines.?
A wholly owned subsidiary of Tata Power, Trust Energy owns Trust Integrity and manages the entire supply chain and logistics based out of Singapore. The ship crew is outsourced to Bernard Schulte Ship Management Limited, one of the leading ship management companies in the world.
Commenting further, K V Rao, Managing Director, Trust Energy Resources, said, ?This is a very proud moment for us, from conception, to project management and delivery ? a journey of almost 3 years, and the maiden voyage carrying coal to Mundra UMPP is a dream realized and promise delivered.?
Trust Energy was set up in 2007 to help integrate coal supply chain to support the growth plans of Tata Power. It has already built a portfolio of a fleet of five Cape Vessels, in its first phase. It has purchased two new vessels- Trust Agility and Trust Integrity both built at STX shipyard in Korea. Trust Energy will acquire and expand its fleet of ships to meet future requirements of Tata Power. (romel)