The Punjab government has chalked out a plan to generate power to the tune of Rs 200 crore per annum by setting up power plants in collaboration with at all the state Cooperative sugar mills in the state.
This was disclosed by Co-operation Minister Kanwaljit Singh here today while presiding over a one day workshop organised by Sugarfed to suggest various ways and means for making the state cooperative sugar mills self-sufficient.
The workshop was attended by the Co-operative Chairman and Board of Directors of all the Co-operative sugar mills.
Singh said that the state co-operative mills have the potential to generate 100-120 Mw power annually and the State Electricity Board has offered to purchase the proposed power 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 just pegged at Rs 77.95 crore.
He said that a comprehensive revival plan to convert these mills into mega sugar complexes has been drafted.
Accordingly the enhancement in the crushing capacity of the mills has become imperative as now these days a mill having a minimum crushing capacity of 5000 MT sugarcane was only sustainable, he said adding.
