Nettlinx (India) has partnered with Japanese investment firms Takara Leben Company and Kuni Umi Asset Management Corporation for setting up the first waste-to-energy plant in Telangana.
Both the Japanese companies plan to jointly invest up to 30 percent of equity in the SVGreen 12 MW waste-to-energy plant and are considering follow-up investments in other Nettlinx Green Energy waste-to-energy power projects planned across the country, with an average investment of around Rs 260 crore per project.
The proposed plant will be built by SVGreen with Technical collaboration with Hitachi Zosen. The upcoming plant will convert Greater Hyderabad Municipal Corporation’s waste into energy, and is being developed in the GHMC south zone located about 50 km from the Telangana State Secretariat.
The project will be operational in about 18-24 months’ time. Presently, SVGreen has acquired suitable land, obtained necessary statutory clearances and approvals from the Telangana state government agencies to execute the project.
The debt for the project is being arranged with reputed lending banks in India. The company has initiated concrete steps towards grounding the project at the earliest.
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