Japan-based Takara Leben Co Ltd and Kuni Umi Asset Management Co Ltd, will invest in Rs 258-crore Nettlinx SVGreen waste to energy plant.
Loka Manohar Reddy, Chairman, Nettlinx Ltd, made this announcement at a press conference held in Hyderabad.
The 12 MW waste to energy plant will come up near Pharma city near the capital city of Telangana. It will be built by SVGreen with technical collaboration with Hitachi Zosen over the next 18-24 months. Both the Japanese firms will jointly invest 30 per cent of Rs 78 crore equity component of the project.
Total cost of the project is estimated at Rs 258 crore. The balance fund will be mobilised from banks and other financial institutions. The company plans to set up 10 more plants over the next five years.
Image Credit : energynext.in