Adani Group to start Oz coal imports from 2015

Kolkata: Adani Group would start importing Australian coal from its Carmichael project by 2015, an official of the group said on Tuesday.

"We expect to get the environmental clearance for the project by the middle of 2013 and start shipments from 2015," Harsh Mishra, Group President of international business of Adani Group, said.

He said the coal project has a reserve of 10 billion tonnes.

Initially, shipments in the first year would be 23 million tonnes, which would be ramped up to 60 million tonnes by 2022, he told reporters on the sidelines of a seminar on 'Australia and India-natural partners in mining and resources' here.

Mishra said the Australian coal would be partly used for its power plants in six different locations of India, while the rest would be used for trading purposes.

Adani would put up a vertically integrated project in Australia which would include a coal mine and railway connectivity.

Asked about the capital expenditure required for the project, he said that the bankable feasibility study was on, adding that the expected amount would be 10 billion Australian dollar.

PTI