HUDCO FINANCES TEN BIO-MASS/BAGASSE
BASED CO-GENERATION
POWER PROJECTS COSTING RS. 537 CRORE
Housing and Urban
Development Corporation Ltd. (HUDCO) has financed ten Biomass/Bagasse
based co-generation power projects costing Rs. 537.49 crore in
the states of Karnataka, Andhra Pradesh and Maharashtra. These
projects use cane residue from sugar mills and other biomass as
fuel for generating power. Out of these, five projects are in
Karnataka, four in Andhra Pradesh and one in Maharshtra. Total
installed capacity of these projects is about 184 MW.
A 4.5 MW
Biomass based power plant at Ongole (A.P.) and a 12.25 MW Bagasse
based co-generation plant at Mudhol, Bijapur (Karnataka) have
already been commissioned.
A 28 MW Bagasse
based co-generation plant at Mandya, 24 MW plant at Kakkuwada,
Davangere, 20 MW plant at Chikodi, 14 MW plant at Bellad, Balgaum
district in Karnataka, are under various stages of construction.
Work is also in progress for a 22.5 MW Bagasse based co-generation
plant at Chagallu, 6 MW Biomass based power plant at Hindupur,
Ananthapur district, a 40 MW power plant at Julakal, district
Medak in Andhra Pradesh and a 12.5 MW Bagasse based co-generation
plant at Sangli in Maharashtra.
HUDCO has sanctioned
more than Rs. 275 crore as term loan for these projects.
