Yavatmal-based Rasoya Proteins is
expected to sign a power purchase agreement for its 20 MW coal-based power
project at Wanjari in Yavatmal district of Maharashtra by April 2008.
The project entailing an investment of
around Rs.100 crore, is being implemented in two phases of 10 MW each. The
company has achieved financial closure for both phases of the project, coming up
on an area of 15 acres of land. The EPC contract has been awarded to
Chennai-based Cethar Vessels (P) Ltd.
Civil works for Phase I is underway
with completion expected by June 2008, whereas Phase II is still in the planning
stage.
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