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10 MW Biomass Plant company looking for Stake Sale

Energy & Power
Asking Price 55 Cr Annual Revenue
Sub-Category : General Year Established 2012
No. of Employees Listed On 2018-06-27

Maharashtra based running 10 MW biomass plant establised in 2010 with the PPA signed with MSEDCL for 15 years at the rate of Rs. 6.40 per unit. The plant is connected with the grid of 33KV substation located 3 km from the site. There is a sufficient land to increase the capacity of the plant in future, if required. As per the local regulations, only one bio mass plant is allowed in each district. This ensures that there will not be any competition from other power generating company to acquire fuel sources from the local suppliers. However, the company can expand the capacity at the existing plant. The boiler is Themodyne Make TRVLGRT model and turbine is Triveni Make. The water requirement for the plant is far lower than other plants as it has air cooler system. There is abundant water availability at the plant through borewells.  The Plant has been designed to use a wide variety of fuels including bagasse, sugarcane trash, cotton stalk, maize stalk, corn bhutta, wood chips, Municipal Solid Waste RDF etc. Bagasse is the main source of fuel and plant location is one of the main districts of Maharashtra cultivating sugar cane. For surrounding areas with 150 km radius there are about sugar crushing mills having aggregate capacity of 92,000 tonnes crushing per day (tcd). It is almost five times total requirement during peak season. Total requirement of RDF at an estimated composition of 15% is about 11,000 MT per year. Other fuels like makka butta, cotton stalks and other biomass fuels like stalks needed about 18,000 MT per year from  January to June and sufficient quantities are available. Company is looking for strategic Investor and stake sale. Company is ready to offer 26 to 50 per cent stake in the initial stage. Enterprise Value Rs. 55 Cr.