Co-op sugar mills to generate power worth Rs 200-cr
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13/10/2008
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Indian Express (Chandigarh)
The Punjab Government has chalked out a plan to generate Rs 200-crore power per annum by setting up co-generation power plants at all the state cooperative sugar mills in the state.
This was disclosed by Co-operation Minister Capt Kanwaljit Singh here today while presiding over a one-day workshop organised by Sugarfed to suggest various ways and means to make the state cooperative sugar mills self-sufficient.
The workshop was attended by the chairmen and board of directors of all the cooperative sugar mills. Singh said the state cooperative mills have the potential of generating 100-120-MW power annually and the state electricity board has offered to purchase it at the rate of Rs 2.86 per unit, thereby creating an additional revenue of more than Rs 200 crore annually, while the existing losses of all these mills were pegged at Rs 77.95 crore.
He said a comprehensive revival plan to convert these mills into mega sugar complexes has also been drafted. Accordingly, the enhancement in the crushing capacity of the mills has become imperative, as now a minimum crushing capacity of 5,000 MT could only make a unit sustainable.
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Besides, creation of additional sources of income with special emphasis on diversification and production of ethanol, the state government had agreed in-principle to grant bottling licence to three distilleries of the state co-operative sugar mills and the proposals were being drafted. The minister said Rs 22 crore out of the total pending Rs 37-crore arrear of sugarcane growers would be disbursed within a week.
He said the Co-operative Society Registrar has been directed to constitute a high-level committee of senior officers to streamline the functioning of the co-operative institutions.