Barak Valley Cements completes thermal power project

Barak Valley Cements Ltd has informed that the project of establishing 6 MW Biomass based thermal Power Plant in the name of Badarpur Energy Pvt Ltd (wholly owned subsidiary of Barak Valley Cements Ltd) is completed and now this plant is ready to start its commercial production.

The management of the Company has decided to commission the commercial production in this plant in the month January 2008.

In this regards the Company has issued following Press Release:

"Renewable Energy (RE) development has become one of the major components of Power Policy for the country. Ministries of Power (MOP) and Non-Conventional Energy Sources (MNES) have taken a number of new initiatives for encouraging Renewable Energy Development. Biomass power is one of the most important elements in the overall Renewable Energy Plan.

Considering the above, M/s. Badarpur Energy Pvt Ltd, a wholly owned subsidiary of M/s Barak Valley Cements Ltd., was formed to establish a 6 MW bio-mass based multi-fuel Thermal Power Plant at Devendra Nagar, Badarpurghat, Assam.

Barak Valley Cements Ltd, (an ISO 9001: 2000 certified cement manufacturer in the north-east region) was listed on November 23, 2007 in BSE and NSE. The Company had received overwhelming response from the investors for their initial Public Otter.

The major objectives of the issue was to develop its wholly owned subsidiary Badarpur Energy (P) Ltd., for setting up 6 MW biomass based power project and to part finance expansion of clinkerisation capacity of its cement plant.

BVCL continues to work towards fulfilling the commitments made to the Investors and is all set to complete its’ expansion of projects well within time and is happy to announce the commissioning of Biomass plant of Badarpur Energy Pvt Ltd with effect from January 2008.

The 6 MW biomass power generating unit will be using husk, major by-product of rice industry as a fuel for generating power. The average cost of power is estimated to be about Rs 2.20 per unit. The power generated by this plant will meet the entire energy requirement of the Cement production facility and contribute towards conservation of fossil-fuels. This multi-fuel, environment-friendly power plant will be the first of its kind in the North-East and a trend-setter so to speak.

The entire expansion plan of the Company under execution is also likely to be completed as per schedule. The cement capacity expansion to 1050 TPD was scheduled to complete by end of April 2008 is now expected to be completed by February, 2008."