Fiji Time: 7:17 PM on Thursday 29 June

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 0.64290.6239
JPY 55.959552.9595
GBP 0.38000.3720
EUR 0.43310.4211
NZD 0.68130.6483
AUD 0.64830.6233
USD 0.49490.4779

from

$0.00

Exchange Rate updated on 29th, June, 2017

Today's Most Read Stories

  1. He's the man
  2. Mother 'ignored' rape claim
  3. Parties reject action
  4. PM: Native land politicised
  5. 438 without birth certificates
  6. President urges public to register
  7. FLOTSAM AND JETSAM
  8. Spotlight on suicide and depression
  9. Handicraft show a first for Yaroi Village
  10. FSC: 103,300 tonnes of cane crushed at mill

Top Stories this Week

  1. Cokanauto guilty Monday (26 Jun)
  2. Pilot's gift to her dad Wednesday (28 Jun)
  3. Kolinisau's plan Sunday (25 Jun)
  4. Ryan option Monday (26 Jun)
  5. 20 years for Cokanauto Tuesday (27 Jun)
  6. Skipper selection Sunday (25 Jun)
  7. Umarji walks free Friday (23 Jun)
  8. Don't fear Monday (26 Jun)
  9. Team commended Monday (26 Jun)
  10. Trading rugby boots for boxing gloves Sunday (25 Jun)