Crude oil will be the main cargo at the port and oil major Hindustan Petroleum Corporation Limited (HPCL) has a plan to set up a refinery near the port. The company is in talks with an oil for offering bunkering service (the process of filling oil in ships) at the Fujairah price. Set up with an investment of INR 520 crore, the port intends to serve the trucking hinterland within 350 killometre radius spread over Maharashtra, Goa and Karnataka.
"The Angre port will also offer bunkering services. We are in talks with an oil public sector undertaking for offering the Fujairah price. India has not been popular as a bunkering destination," said Mr. Atul Kulkarni, Chief Executive Officer, Chowgule Ports and Infrastructure.
Angre port has been named after Sarkhel Kanhoji Angre, the first important chief of the Maratha navy set by Chhatrapati Shivaji Maharaj. The port has been built on build, own, operate, share and transfer basis (BOST).
The Maharashtra Government has adopted the BOST policy only for investments in ports and Angre is the first project under the BOST scheme. We have signed the concession for a 50-year period with the state government after which, the project value will be assessed and shared between the company and the Government," said Mr. Kulkarni.
The Maharashtra Government had identified seven sites along the Konkan coast for private investment in ports. The company owns 310 acres in the back up area, while it owns another 150 acres of land within 10 kilometre radium from the port.