July 10, 2018 / 5:46 AM / 9 days ago

India's Hermes Distillery to invest $125 mln in sugar mill, biogas plant in Indonesia

JAKARTA, July 10 (Reuters) -

* India’s Hermes Distillery Pvt Ltd is planning to invest $125 million in a sugar mill and a biogas power plant in Maluku province in Indonesia, said Parekat Vynat Shivanand, a director at local unit PT Hermes Sugar Indonesia.

* The planned mill will have a crushing capacity of 10,000 tonnes of cane per day and plans to start operation in 2021.

* The sugar mill and power plant will be located near a 25,000-hectare sugarcane plantation. (Reporting by Bernadette Christina Munthe, Writing by Fransiska Nangoy, Editing by Sherry Jacob-Phillips)

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