This profile envisages the establishment of a plant for the production of suger from beetwith a capacity of 8,000 tonnes per annum. The present demand for the proposed product is estimated at 10,818 tonnes per annum. The demand is expected to reach at 21,280 tonnes by the year 2017. The plant will create employment opportunities for 337 persons. The total investment requirement is estimated at about Birr 187.99 million, out of which Birr 90 million is required for plant and machinery. The project is financially viable with an internal rate of return (IRR) of 15 % and a netpresent value (NPV) of Birr 60.18 million discounted at 8.5%.
II PRODUCT DESCRIPTION AND APPLICATION
Sugar, or sucrose, is a carbohydrate that occurs naturally in every fruit and vegetable inthe plant kingdom. It is the major product of photosynthesis, the process by which plantstransform the sugar energy into food. Sugar occurs in greatest quantities in sugar caneand sugar beets from which it is separated for commercial use. There is no difference in the sugar produced from either cane or beet. The sugar beetgrows best in a temperate climate and stores its sugar in its white root. Sugar from bothsources is produced by nature in the same fashion as all green plants produce sugar-as ameans of storing the sun's energy.