Saturday, January 19, 2019
News

Two Japanese firms to invest in Rs 260-cr waste-to-energy plant

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Hyderabad | Friday, 2018 6:45:04 PM IST
Two Japanese investment firms on Friday announced that they are investing in a Rs 260-crore waste-to-energy plant here.

Takara Leben and Kuni Umi Asset Management will be investing 30 per cent of the Rs 78 crore equity component of the 12-megawatt Nettlinx SV Green.

Nettlinx, an internet infrastructure company, will invest 40 per cent while the remainder 30 per cent will be held by Venkateswar Reddy, Managing Director, SV Green, and other promoters.

The power plant, coming up at Pharma City near Hyderabad, will be operational in 18-24 months. The Greater Hyderabad Municipal Corporation will deliver 700 tonnes of municipal waste daily at the doorsteps of the plant.

Y.V.M. Reddy, project director, SV Green, told reporters that the plant would be built with technical collaboration from Hitachi Zosen.

SV Green will sell the power produced at this plant to Telangana State Southern Power Distribution Company Limited at Rs 7.40 per unit. The company has entered into a power purchase agreement for 30 years.

SV Green also plans to set up 10 more such plants, including three more in Hyderabad, and five in Karnataka over the next five years.

With a total investment of Rs 2,600 crore, these plants will have an installed capacity of 200 MW.

--IANS ms/shs/sed

( 221 Words)

2018-11-09-18:12:05 (IANS)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
US dollar rises on China-US trade optimi...
Facebook releases Messenger redesign on ...
India-Africa ties to redefine internatio...
Media must rebuild trust, credibility in...
Microsoft launches e-commerce portal for...
Gahlaut Buildcon ventures into entertain...
More...
 
INDIA WORLD ASIA
Fresh hike in fuel prices on Saturday...
Kumaraswamy questions Modi's commitment ...
2 women make second attempt to enter Sab...
IRCTC scam: Delhi Court reserves order o...
BJP MLAs to return to Karnataka from Gur...
Himachal sees rise in mercury, more snow...
More...    
 
 Top Stories
My family has brought me up as a fe... 
Trump, Kim to meet for 2nd summit i... 
TV has been a home for me: Neelu Ko... 
Teasing your partner playfully can ... 
Guru Randhawa may go on Pakistan mu... 
Tibetans travelling on Chinese pass... 
Modi regime testing time for India'... 
Tens of thousands attend Bengal's m...