Co-gen cost

Daily Mercury - - NEWS -

THE Daily Mer­cury pub­lished on Fri­day that Mackay Su­gar Lim­ited was seek­ing $90 mil­lion for its co­gen­er­a­tion plant as part of its as­set sales pro­gram. Mackay Su­gar has never re­vealed a sale price. How­ever, as part of the com­pany’s Kid­der Wil­liams re­fi­nanc­ing plan it was stated $83M would be needed (from the sale of the co-gen plant) to re­duce debt to a healthy level; that $80M was the “low” end of what it ex­pected to re­ceive for the plant and $100 mil­lion the “base”.

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