Paradip Port plans to develop three new berths, mechanise four existing ones, and one berth it has proposed exclusively for green hydrogen under its strategy to become fully mechanised by 2030, Paradip Port Authority officials said.
The port is administered directly by central governments, like most other ports in India, with the objective of increasing its handling capacity from its current handle of 289 MTPA to over 400 MTPA by 2030, and a target of reaching 500 MTPA by 2047.
The mechanisation of berths would require a huge investment of Rs 25 billion, which would significantly improve the operational efficiency while reducing handling time, thus improving productivity at the port as an aggregate.
The port also plans to create a dedicated berth for export and bunkering of green hydrogen and green ammonia at 5 MTPA. According to the official, this project is expected to be awarded by 2026. Estimated investment of Rs 3.25 billion would go into the project. A total of four agreements have already been signed with investors who will come to the nearby area to set up green hydrogen and green ammonia plants that require a total investment of Rs 508 billion.
Source: India Shipping News
