Business Standard
Saturday, Nov 21, 2009
 
drived banner
drived banner
  Advanced Search
Feedback | RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Smart Portfolios II
  Search:

Punjab to generate 150 Mw from cooperative sugar mill
BS Reporter / Chandigarh June 23, 2009, 15:50 IST

In order to revive nine "ailing" co-operative sugar mills in the state, the Punjab government has decided to make them new centre of alternate power generation besides producing sugar and allied products, most importantly to save the jobs of thousands of employees of these sugar mills.

According to an official spokesman, nine sugar mills including Ajnala, Batala, Bhogpur, Budhewal, Fazilka, Gurdaspur, Morinda, Nakodar and Nawanshahr (Distt Shaheed Bhagat Singh Nagar) would collectively generate 150 Mw power besides producing power/ steam to run these sugar mills.

The spokesman said that the concerned Cooperative Sugar Mills have signed MoU with various private companies who would setup cogeneration power plants in these mills, and sugar mills will get due percentage from the sale of electricity by the private party to the third party. The private parties would also provide free electricity and steam to sugar mills for their crushing operations, in lieu of bagasse and condensate water received from the sugar mills.

The spokesman said that cogeneration plants generating 150 Mw electricity would be set up in these mills by these private parties, that would belong to sugar mills after boot period free of cost, in running condition. These plants are expected to become operational by the month of September, 2010.

He said in the case of Bhogpur, in addition to electricity producing unit, the private party is bound to set up sugar mills of 5500 TCD(tonnes crushing per day) capacity, in place of the existing obsolete unit of 1036 TCD. He said that most important feature of this arrangement was that crushing capacity of the nine sugar mills, that was presently 15766 TCD, would be increased to 22950 TCD, that too with the investment of private parties.

He revealed that after the setting up of co-generation plants, the State government was also contemplating to make the three cooperative sector distilleries operational in next phase.

Arrow Other Stories     
- Sensex makes remarkable recovery, regains 17K
- FIIs net sellers Rs 298cr in F&O on Friday
- US markets drop on recovery worries
- FII-TO-FII TRADES: PNB traded at 4% premium
- FinMin advises ministries to cut expenses by 10%
More  
  Read Business news in 
  Get financial advisory and solutions for your projects
  Holidays starting at a delightful EMI of Rs 3481
  Switch on and say hello to Monday morning !
  Your dream home can now be a reality.
  Visit Fortis for a preventive health check-up & get a 20% discount.
  Follow the ups and downs of your investments. Try our new Portfolio Tracker
  Kolkata Dock \ Freight contract for the British Gurkhas Nepal
  Find how Midsize Businesses use ERP to gain competitive advantage
  Trading in Forex is now as easy as 1-2-3
  Discover an economical and cost effective way to market your products and services
  Giftwithlove.com: Same day delivery of Flowers and Cakes to India
  Download the E-book on the Future of Business Intelligence
  Learn Best Practices for improving customer satisfaction
  Know your customers better... download the free e-book on CRM
   Discussion Board / User Comments    
Display Name  Email-Id  
Post your comment
Most Popular
Read
E-Mailed
Commented
   
- Bharti Airtel slashes roaming rates by 60%
- Govt may allow private sector investment in education
- Suzlon Energy's three promoters pledge 2.8 cr shares
- Patni may host all IT services on 'cloud'
- We are not trying for a monopoly: HAL chairman
 
 More  
BS Poll
Cast Your Vote
 
   
 
Should rich charitable trusts be brought under the tax net?
  Yes  No
Submit

  Hot Searches  
 
Amitabh Bachchan | N Chandrasekaran | Swine Flu | Mukesh Ambani | Anil Ambani | TCS | Infosys |  Air India |  Duronto |  Pranab Mukherjee | Sonia Gandhi | Congress | Rahul Gandhi |  Bigg Boss |  New Pension Scheme |  Service tax |  Excise duty |  Sebi | Tech Mahindra |  Ramalinga Raju |  Satyam |  Reliance  |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  |  B-School | DLF  Sensex |  Tax calculator | Home Loan  | Bollywood | Personal Finance |  inflation | oil prices |  World Bank | Reliance Infratel |  HDFC |  Barack Obama  
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Site Map | Contact Us | Feedback