Cogeneration energy plant for Queensland sugar mill
Sweet news for Mackay Sugar Cogeneration Project EcoGeneration 10 February 2010
Mackay Sugar has issued contracts for the construction of a $120 million cogeneration power plant at its Racecourse Mill in Queensland.
The power plant will have the capacity to generate one third of the Mackay region’s electricity requirements from bagasse (sugar cane fibre waste)………
The project is to be financed by funds generated by the business, a $9 million funding agreement with the Queensland Office of Clean Energy, and the balance through debt.
“With over 92 per cent of our shareholders voting in favour of the project in December, we were able to finalise the construction contracts and power purchase agreement, and then secure approval from the Credit Committees of Rabobank and National Australia Bank,” said Mr Westcott………..
During the construction phase approximately 450 people will be engaged on te project
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