EID Parrys to start work next month
Sugar Refinery in AP
Parrys Sugars Refineries, an SPV floated by EID Parry (India)
Ltd and Cargill International, is expected to commence work on its six-lakh tpa
export-oriented sugar refinery by January 2008. The plant will be located at
Kakinada Port in Andhra Pradesh.
The sugar refinery will be a processing operation, importing the entire raw
material, raw sugar, adding value by refining it, and exporting its produce. Raw
sugar will be imported from Brazil, South Africa, Thailand etc., while refined
sugar will be exported to several countries including those in South Asia and
the EU. The project will have an integrated cogeneration system to take care of
its steam and power requirements. It will also include a 35-mw power unit. The
PPA is yet to be signed.
Thermax Ltd is supplying the boiler and Bhel, Hyderabad, the gas turbine.
Fichtner Consultant Engineering, Chennai, is the consultant for the power plant.
Epro Consultant, Germany, is the consultant for the sugar plant. The project is
scheduled for completion by August 2008.
EID Parry will hold 51 per cent and Cargill 49 per cent in the joint venture,
which is being structured as an EOU.
[December 3-9, 2007]