August 30, 2008

PPA soon for Rasoya Proteins coal power project

BS reported that Yavatmal based Rasoya Proteins is expected to sign a power purchase agreement for its 20 MW coal based power project at Wanjari in Yavatmal district of Maharashtra by April 2008.

The project entailing an investment of around INR 100 crore is being implemented in 2 phases of 10 MW each. Rasoya Proteins has achieved financial closure for both phases of the project, coming up on an area of 15 acres of land. The EPC contract has been awarded to Chennai based Cethar Vessels Private Limited.

Civil works for phase 1 is underway with completion expected by June 2008, whereas Phase II is still in the planning stage.