Baltic Coal Terminal

From Global Energy Monitor

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.

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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. 1.0 1.1 Peter James Crew (2005-07-19). "Green light for Ventspils coal terminal". Baltic Business News. Retrieved 2009-02-07.
  2. 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 2009-02-07.
  3. 3.0 3.1 3.2 DnB NORD (2007-08-22). "Bank consortium and AS „BALTIC COAL TERMINAL” sign the agreement on granting of loan in excess of EUR 50 million". Press release. Retrieved on 2009-02-07.
  4. "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.