Financial Daily from THE HINDU group of publications
Saturday, Aug 07, 2004
Financial Daily from THE HINDU group of publications Saturday, Aug 07, 2004 |
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Corporate
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Diversification Greaves Cotton to tap gas-based power market Pratim Ranjan Bose
Kolkata , Aug 6 GREAVES Cotton Ltd is gearing up to tap the 100 per cent processed gas-based captive power generation market, especially in the small and medium scale sector. The Rs 600-crore engineering company of Thapar group is already an established manufacturer of engines in the dual-fuel category, using a mixture of processed gas and oil. In an effort to promote the use of processed gas from bio-mass for generation of cheap power, the Union Ministry of Non-conventional Energy Sources recently announced a substantial subsidy on the first 100 such projects in the country. Claiming to have taken the first such commercially viable initiative in the country, Greaves Cotton is currently installing a 200 KW 100 per cent processed gas-based generation unit at a rice mill in Burdwan district of West Bengal as a precursor to starting commercial production of such engines. The project is due for a trial run this month. A Greaves Cotton official said processed gas-based generation being an emerging technology, the company was treading cautiously before taking up any aggressive marketing strategy. "We are primarily targeting the agri-industries sector which generates such agri-wastes. Given the irregular supply and high cost of grid power, we have no doubt about the viability of a 100 per cent gas-based generation unit. We are already successful in promoting the use of dual-fuel method for the same reason and the particular rice mill is a satisfied customer of the same method," he said. Generated from a variety of waste or low cost bio-mass such as rice husk, cashew shells, groundnut shell, mustard seed husk and stem, corn cob, coconut shell, coffee husk, wood cuttings and so on through `gassification', processed gas was finding increasing uses not only in related agri-industries but even beyond that.
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