Hyderabad, Oct 10 (IBNS) GVK, a leading Indian conglomerate with a presence across energy, resources, airports, transportation, hospitality and life sciences sectors, on Wednesday said it has welcomed the Australian Federal Government's approval of its Terminal 3 (T3) Development at the Port of Abbot Point, near Bowen under the Environment Protection and Biodiversity Conservation Act 1999 (EBPC Act).
Following a rigorous and thorough assessment process by the Department of Sustainability, Environment, Water, Population and Communities (SEWPaC), Australian Federal Environment Minister Tony Burke on Wednesday announced that the GVK's Alpha Coal Port Project at Abbot Point has been given a go-ahead.
This follows the separate approval for the Alpha mine and rail projects on August 23.
Speaking on the development, GVK Reddy, Chairman, GVK, said, "This development is yet another milestone towards our goal to be the premier, most reliable coal supplier to the world enabling better lives. We further believe that we can provide the best quality coal to supply power to developing countries including India.