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Our Bureau

Hyderabad, July 12 Nava Bharat Ventures has announced that its bagasse based co-generation unit at its Samalkot sugar facility has been registered under the CDM (clean development mechanism) programme.

The company also hinted at expanding the facility from 9 MW to 29 MW by the end of this year.

The project has been recognised based on its ability to reduce the environmental impact of carbon emissions. Co-generation has long been established as an alternative source of creating value out of sugarcane as saleable power. It is produced through the combustion of bagasse being sugarcane waste.

With this registration, the project becomes eligible to receive tradable CER (Certified Emission Reductions) for the power it produces and exports to the grid. This is likely to translate into an additional source of earnings.

Initial estimates suggest a reduction in emission to the extent of about 16,000 tonnes of carbon dioxide per year. This sugar facility has also received the distinction of being adjudged an Excellent Energy Efficient Unit amongst a wide spectrum of industrial concerns by CII.

The Executive Director at Nava Bharat Ventures, Mr P. Trivikrama Prasad, in a statement to the BSE said “we are undertaking a further expansion here to increase the capacity from 9 MW to 29 MW this should be achieved by year end, and this should result in additional operating benefit.” This unit is estimated to support roughly 5,000 local farmers indirectly and directly.

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