Baltic Coal Terminal
The Baltic Coal Terminal is a specialized coal terminal at Ventspils Port in Latvia.
The terminal is located in the Free port of Ventspils, Latvia.
The construction permit for the proposed coal terminal was issued by the Ventspils City Council in July 2005.
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.
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.
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. 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.
- 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
- Peter James Crew (2005-07-19). "Green light for Ventspils coal terminal". Baltic Business News. Retrieved 2009-02-07.
- Alla Petrova (2008-11-24). "JSC Baltic Coal Terminal is launched at Ventspils Port". The Baltic Course. Retrieved 2009-02-07.
- 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.
- "About company," Baltic Coal terminal, accessed Nov 2015