Mumbai, Jan 22 (UNI) In a major decision which promises to benefit 56 sugar factories in Maharashtra, the State Cabinet today decided to approve the 'Joint Power Generation Projects' for cooperative sugar factories.
The total project is worth Rs 3,360 crore, out of which 10 per cent would be the share capital of factories apart from 60 per cent loans, while the remaining amount would be borne by the State and the Central Government.
The decision to this effect was taken in the State Cabinet meeting, headed by Chief Minister Vilasrao Deshmukh.
Those factories whose crushing capacity is more than 2,500 tonnes per day and have taken last four crushing seasons; out of which five would be entitled for these projects.
Ten factories have completed their project and Rs four crore is expected to be the expenditure for 1 MW of power. Around 15 MW power is expected to be generated from one factory and in all 840 MW of power is to be generated, while a target of 1,000 MW power is to be generated in the next three years.
MORE UNI JM NM PY KP1932