Source: Tata Power
Tata Power, India’s largest integrated private power utility’s Cape size vessel ‘Trust Integrity’ attained a significant milestone by supplying coal to 4000 MW Ultra Mega Power Project at Mundra. The Cape size vessel owned by the Singapore subsidiary- Trust Energy Resources Pte Ltd anchored at the Mundra Port.
‘Trust Integrity’ the 181,000 DWT tonnage cape vessel delivered from STX Shipyard, Korea carried coal from KPC / Arutmin mines, Indonesia to the Mundra port, during her maiden voyage. This modern cape vessel has been built at STX Offshore and Shipbuilding Co., Ltd, Korea, the fourth largest shipyard in the world and has the latest environmentally friendly technology.
Speaking on ‘Trust Integrity’s’ maiden voyage Mr. Anil Sardana, Managing Director Tata Power said, “This is a significant moment for us and is aligned to our strategy of being an integrated power player. With this objective in mind, Trust Energy was setup to securitize coal 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 Mr. 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, Mr. K V Rao, Managing Director, Trust Energy Resources, said, “This is a very proud moment for us, from conception, to project management and delivery was one journey of almost 3 years, but 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 Korea. Trust Energy will acquire and expand its fleet of ships to meet future requirements of Tata Power.
The Coastal Gujarat Project Ltd (CGPL) is a Special Purpose Vehicle (SPV) formed for setting up and operating the 4000 MW Mundra UMPP. CGPL has signed a Power Purchase Agreement (PPA) with seven procurers (distribution licensees) from five states i.e. Gujarat, Maharashtra, Haryana, Rajasthan and Punjab for the sale of contracted capacity. The Mundra Power Project, India’s first UMPP is progressing well and the first unit is close to commissioning.
For Email Newsletters you can trust