Fiji Time: 2:16 AM on Wednesday 17 January

Fiji Times Logo

/ Front page / News

$70m from power sale

Felix Chaudhary
Saturday, April 26, 2014

COGENERATION plants established by the Fiji Sugar Corporation are expected to rake in about $70million annually for the miller, says FSC executive chairman Abdul Khan.

He said the money would be earned from the sale of electricity from the Labasa and Rarawai mills to the national grid.

The Labasa plant will begin when crushing starts around mid-June while the plant at the Ba factory should be completed by the end of next year.

"The Ba plant will generate 10 times as much revenue than the one in Labasa," he said.

"For Rarawai, we are looking at producing 40 megawatts of electricity with a total investment of about $200million and an annual income of about $60million."

Mr Khan said reviews were being carried out on the design of the plant at Rarawai and a financial close on the project was expected by June this year.

Meanwhile, the plant in the Labasa mill was almost ready to roll, he said.

"The Labasa plant is under construction at the moment and is expected to begin producing electricity at the start of crush this season."

He said the Labasa cogeneration plant would produce 10 megawatts of electricity, earning the corporation $6m annually.

"Our investment at Labasa is $17million and we are looking at a payback of less than three years for this plant."








Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.62370.6047
JPY 56.044253.0442
GBP 0.36250.3545
EUR 0.40920.3972
NZD 0.69370.6607
AUD 0.63290.6079
USD 0.50360.4866

from

$0.00

Exchange Rate updated on 16th, January, 2018

Today's Most Read Stories

  1. ATSET: Nothing to hide
  2. Family laments untimely loss
  3. 'Death traps'
  4. Amnesty keeps watch on ATS impasse
  5. Bad start to 2018
  6. Forbes ready for 7s festival
  7. A-G: No pay decrease
  8. Businesses caught off guard
  9. Taveuni accident lands two in hospital
  10. Police visit villages after drug raid

Top Stories this Week

  1. Fitting farewell for Bill Friday (12 Jan)
  2. Love will keep us together Sunday (14 Jan)
  3. Village bylaws consultation suspended Wednesday (10 Jan)
  4. Kubuabola laid to rest Thursday (11 Jan)
  5. $100 a day Sunday (14 Jan)
  6. Blessings from above Thursday (11 Jan)
  7. Air NZ confirms incident Friday (12 Jan)
  8. Capt William calls it a day after 45 years Sunday (14 Jan)
  9. National strike if no resolution, says FTUC Sunday (14 Jan)
  10. Teachers transfer policy Monday (15 Jan)