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Gammon to set up cogen plant in Ahmednagar
PROJECTSTODAY: GAMMON Infrastructure Projects Ltd is setting up a 30-mw cogeneration power project at Pravara Nagar in Ahmednagar district of Maharashtra.
The project envisages setting up an environment-friendly biomassbased power unit in the premises of Padmashri Dr. Vitthalrao Vikhe Patil Sahakari Sakhar Karkhana Ltd, the client, on build-own-operate-transfer basis. The project cost has been revised upwards from Rs 139 crore to Rs 165 crore owing to delay in project execution.
GIPL recently signed the power purchase agreement and is now awaiting financial closure. The project development agreement was signed in December 2007 for a 25-year concession period.
Work on the project is expected to commence next month with completion scheduled for July 2009.
Published in Projectmonitor issue: 26-May-08