Baltic Coal Terminal
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The Baltic Coal Terminal is a specialized coal terminal at Ventspils Port in Latvia.
Location
The terminal is located in the Free port of Ventspils, Latvia.
Terminal
The construction permit for the proposed coal terminal was issued by the Ventspils City Council in July 2005.[1]
The coal terminal was officially opened on 24 November 2008.[2] The main purpose of the terminal is to store and ship Russian coal to Western Europe and the USA.[3]
The annual capacity of the terminal is six million tonnes of coal. Owner JSC Baltic Coal plans to expand capacity to 10.5 million tonnes, although no timetable is specified. As of March 2018 the capacity is still listed as 6 mtpa.[1][4]
Company
JSC Baltic Coal Terminal was incorporated in January 2005. The shareholders of JSC Baltic Coal Terminal are Latvian stevedore company Ventspils Tirdzniecības Osta (Ventspils Commercial Port) and the LLC Indteс Baltic Coal, a subsidiary of Indtec Finanse B.V., which owns Russian coal mine Zarechnaya of Kuznetsk Basin.[3][2]
Design
The Baltic Coal Terminal is the first closed-end coal terminal in the Baltic region. The terminal was designed by the Latvian company Ierosme, and the construction was carried out by Ventspils Tirdzniecības Osta-G. A new pier with two quays for coal handling was designed by the architect offices Veralux Ehitus and it was constructed by Latvijas Tilti. The terminal equipment was provided by Fam Мagdeburger Förderanlagen und Baumaschinen.[2] The total amount of the investments made reaches €75 million, which includes bank financing as well as shareholders' investments. The bank syndicate included DnB NORD, Nordea, and UniCredit.[2][3]
Project Details
- Owner: JSC Baltic Coal Terminal
- Location: Free Port of Ventspils, Latvia
- Coal Capacity (tonnes per annum): 6 million
- Additional Proposed Coal Capacity (tonnes per annum): 4.5 million
- Status: Operating
- Start year: 2008
- Type: Exports (to US and western Europe)
- Source of Coal: Russia
References
- ↑ 1.0 1.1 Peter James Crew (2005-07-19). "Green light for Ventspils coal terminal", Baltic Business News. Retrieved on 2009-02-07.
- ↑ 2.0 2.1 2.2 2.3 Alla Petrova (2008-11-24). "JSC Baltic Coal Terminal is launched at Ventspils Port", The Baltic Course. Retrieved on 2009-02-07.
- ↑ 3.0 3.1 3.2 Template:Cite press release
- ↑ "About company," Baltic Coal terminal, accessed Nov 2015
External links
Wikipedia also has an article on Baltic Coal Terminal. This article may use content from the Wikipedia article under the terms of the GFDL.
