Hyderabad: NETTLINX Ltd. Announced at a media meet today that it is set to partner with Japanese Investment firms – Takara Leben Co. Ltd. (Takara Leben) & Kuni Umi Asset Management Co. Ltd. (Kuni Umi). Both the Japanese companies plan to jointly invest up to 30% of equity in the SVGreen “12 MW WTE Power plant” and are considering follow-up investments in other NETTLINX Green Energy WTE power projects planned across the country, with an average investment of around Rs.260 crore per project.
The proposed plant shall be built by SVGreen with Technical collaboration with world leader in WTE sector “M/s Hitachi Zosen”, which have a track record of operating around 900 plants across the world. The upcoming plant which shall convert Hyderabad GHMC waste into energy, is being developed in the GHMC south zone located about 50 kms 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 Govt agencies TSPCB, TSREDCO, TSERC, Municipal Department and other agencies to execute the project.
NETTLINX partnership with the Japanese companies – Kuni Umi and Takara Leben has been strategically orchestrated and carefully supervised by Ajay Kamarapu, as an investment advisor, who has brought both parties together and has years of experience in various global investment banks in New York City USA.(NSS)
