GACL undertakes windmill project

Gujarat Alkalies & Chemicals Ltd has informed about the following:

"Shri. Mohapatra also informed that GACL has undertaken a Windmill project of 24 MW in order to reduce the power cost as well as drawal of high cost power from MGVCL. About 30% of the machines have been commissioned and balance are expected to be on stream by end of February, 2008.

Encouraged by this performance the Board has accorded in-principle approval to set up additional windmills for a capacity of 40 MW.

He further informed that the trial run production of 50 TPD Anhydrous Aluminium Chloride plant at Dahej are being carried out and this unit is expected to be commissioned in the last quarter of the current financial year.

Shri. Mohapatra, further informed that the Company has identified four Clean Development Mechanism (CDM) projects, out of which three projects are already registered and the remaining project will be registered shortly. The Company has already finalizeed monetisation of CERs generated from these projects and the monetisation of the same has already started from the second quarter of the Financial Year 2007 - 08. GACL is the first PSU in the country, to get the approval of the host country from MOEF for its CDM Project.

The Company is further working on couple of CDM projects by leveraging it strength in CDM field.

The Board has also accorded in-principle approval to explore the possibilities of putting up additional projects like expansion of Caustic Soda by 500 TPD, expansion of Hydrogen Peroxide by 75 TPD (100% basis) and another captive power plant with a capacity of 90 MW. The expected cost of these projects shall be Rs 1,100 crore."