November 21, 2008

Pioneer Distilleries to complete its 5 MW biogas project soon

It is reported that Pioneer Distilleries Limited work on 5 MW biogas based power project is expected to be completed by September and start commercial production from October.

As per report, Pioneer Distilleries Limited work entered into a power purchase agreement with TATA Power Trading Company Limited for the entire power generated by the plant. The PPA is valid for 10 years from commercial operation date and the applicable annual average base rate for power purchase shall be INR 4 per kWh for the first year.