The Hindu Business Line : Kanoria Chemicals to sell surplus power to PTC

KANORIA Chemicals & Industries Ltd has signed a power purchase agreement with Power Trading Corporation (PTC) to sell 10 MW surplus power to PTC from the company's captive thermal power plant located at its integrated chlor-alkali manufacturing facility in Renukoot in Uttar Pradesh.

As per the agreement, the company will sell its surplus power to PTC, which in turn, will evacuate the power to deficient but revenue yielding locations. This arrangement will not only result in efficient utilisation of surplus power generated but will also add a new revenue stream for the company.

According to the company sources, it is now midway through its twin complementary Rs 180-crore expansion projects at Renukoot. While the company's power generating capacity will double to 50 MW from the existing 25 MW, it will introduce environment-friendly Membrane Cell Technology to produce 110 tonnes of chlor-alkali per day.

The additional caustic soda production facility will consume about half the power generated by the new power plant and the balance power will be sold to PTC.

Announcing the agreement, Mr T.N. Thakur, Chairman & MD of PTC, said, "For the first time, we have made a foray into the captive power producer's market with a smaller-quantum and shorter-duration power contract with this PPA." Mr Thakur said that the PPA with Kanoria Chemicals was expected to become a structural model not only for power intensive chemical manufacturing industries, but also for other captive power plants.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Ispat, UTI Asset Mgmt arrive at loan settlement

BHEL unit bags Rs 90-cr order

Nestle board to decide on interim

Assocham for speedy disposal of pending corporate cases

ICRA revises rating definitions

Sirpur Paper plans Rs 294-cr expansion

Indian pharma cos look to Chinese booster

Kanoria Chemicals to sell surplus power to PTC

Godrej, Canadian co tie up for ready-to-fit doors

`Our focus is on increasing visibility of Duckback brand'

Coal India sets production target of 343 mt for '05-06

Ahill to widen garment range, enter Lanka

SPL Industries plans IPO

'Rover crisis unlikely to affect Tata Motors'

Buoyant ore prices prop up NMDC profit

NFCL Kakinada plant posts record urea output

Rajesh Exports bags Rs 126-cr Kuwait order