The Australian government has given an approval to Hyderabad-based infrastructure major GVK for developing a coal terminal in Queensland state.
The setting up of coal terminal is a part of the $10 billion Alpha Coal project being developed by GVK.
The infrastructure major which is in power, airports roads has been given an approval under the Environment Protection and Biodiversity Act 1999 (EBPC Act). The approval makes GVK the only coal company in Australia to that has the requisite environmental clearances at the state and the federal level to integrate a mine, rail network and port.
“We are the only coal developer in Australia to possess environmental approvals at a state and federal level that integrate the mine, rail and port, bringing to finalisation the Tier One environmental approvals,” said G V Sanjay Reddy, Vice Chairman, GVK.
GVK had acquired 79 per cent stake in Alpha Coal and Alpha West projects and have taken over Kevin’s Corner project in Queensland from Hancock Prospecting Pty Ltd.
The project includes Alpha Coal Mine and a railway line between the mine and the port at Abbot point near Bowen.
The three coal mines that have been acquired by GVK have an estimated coal reserves of 8 billion tonnes and will have an installed capacity of 80 million tonnes when fully operational.
The infrastructure company is also building a 495 km rail line and a 60 MPTA port as part of pit-to-port logistics solution with a total investment if $10 billion. The Alpha project will have amine life of 30 years and is expected produce 32 million tonnes a year. The first tranche of coal is expected to be produced by 2016, GVK said.