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$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."

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