Coastal news, mangalore news, udupi news, puttur news, kasaragod news

Friday, 7 December 2012

Adani Group to start Oz coal imports from 2015

Adani Group would start importing Australian coal from its Carmichael project by 2015. The environmental clearance for the project will get by the middle of 2013 and start shipments from 2015. The coal project has a reserve of 10 billion tonnes. Shipments in the first year would be 23 million tonnes, which would be ramped up to 60 million tonnes by 2022. Australian coal would be partly used for its power plants in six different locations of India, while the rest would be used for trading purposes. Adani would put up a vertically integrated project in Australia which would include a coal mine and railway connectivity.

No comments:

Post a Comment