Sugar companies cash in on power tariff bonanza December 9, 2009Posted by Agro-Fundoo in Uncategorized.
The Uttar Pradesh-based sugar companies are in a hurry to cash in on revised power tariffs. Most of them are converting bagasse fire boilers to multiple fuel boilers to double the revenues from power generation.
Recently, the state government revised the average tariff for non-conventional power by over 30 per cent to Rs 3.90-4.10 a unit. It also allowed mills a flexibility to shift to coal for power generation from bagasse. Mills have been given access to sell power in the open market as well.