Japanese firms to invest in Nettlinx power plant
Japanese investment firms Takara Leben Co Ltd and Kuni Umi Asset Management Co Ltd will invest in the ₹258crore Nettlinx SVGreen wasteto-energy plant.
This was announced by Loka Manohar Reddy, Chairman, Nettlinx Ltd, at a press conference here on Friday.
The 12 MW waste-to-energy plant will come up at the Pharma City near here. It will be built by SVGreen in technical collaboration with Hitachi Zosen over the next 18-24 months. Both the Japanese firms will jointly invest 30 per cent of ₹78- crore equity component of the project.
The total cost of the project is estimated at ₹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.