Nettlinx Ltd. (India), to partner two Japanese firms to invest in Sri Venkateswara Green Power Projects Ltd. and establish Telangana’s 1st Waste to Energy (WtE) Plant
Author(s): City Air NewsFrom LtoR: Mr K. Venkateswara Reddy, Managing Director, SV Green Power, Mr Akhilesh Kumar, Executive Vice President, KUNI UMi, Dr Manohar Loka Reddy, Chairman, NETTLINX, Mr Kazuichi Shimada, President & CEO, TAKARA...
cityairnews
Nov 9, 2018 10:30
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From LtoR: Mr K. Venkateswara Reddy, Managing Director, SV Green Power, Mr Akhilesh Kumar, Executive Vice President, KUNI UMi, Dr Manohar Loka Reddy, Chairman, NETTLINX, Mr Kazuichi Shimada, President & CEO, TAKARA LEBEN at the press conference.
~ Creates a win-win proposition for both Energy Security and Swachh Bharat Mission (Clean India Mission) ~
Hyderabad, November 9, 2018: NETTLINX Ltd announced that it is set to partner with Japanese Investment firms - Takara Leben Co Ltd (Takara Leben) & Kuni Umi Asset Management Co Ltd (Kuni Umi) at a press conference today. 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 cr. 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. 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.
NETTLINX partnership with the Japanese companies – Kuni Umi and Takara Leben has been strategically orchestrated and carefully supervised by Mr. 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.
Kuni Umi an investor of repute, financial advisor and asset management company in Japan has been retained by SV Green, and shall be actively involved in investing, arranging equity and financing for the future WTE projects of NETTLINX.
