Dalmia Bharat Sugar to Invest $132M in Tanzania Sugar Project
Dalmia Bharat Sugar and Industries Limited has approved the development of an integrated sugar project in Tanzania through its wholly-owned subsidiary, Eagle Agrotech Tanzania Limited (EATL). The project, with an estimated cost of US$132 million, involves establishing sugarcane plantations and a sugar manufacturing unit with a cogeneration facility. This strategic move aims to diversify the company's geographical presence, enter global bio-energy markets, and capitalize on Tanzania's sugar deficit. The initial phase includes a sugar capacity of 70,000 MT per annum, expandable to 150,000 MT, and a 20 MW cogeneration facility, scalable to 40 MW. The company plans to transform the complex into a diversified bio-energy platform.
Key Highlights
- Dalmia Bharat Sugar approves $132M integrated sugar project in Tanzania.
- Project to include sugarcane plantation, sugar manufacturing, and cogeneration.
- Aims for geographical diversification and entry into global bio-energy markets.
- Tanzania's sugar deficit presents a significant market opportunity.
- Initial capacity: 70,000 MT sugar, 20 MW cogeneration.
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