Nettlinx to partner with Japanese firms for investment in power projects

www.newsbarons.com

The Japanese companies plan to jointly invest up to 30% of equity in the SVGreen 12 MW WTE Power plant

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 INR 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. 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 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.