Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Japanese firms to acquire 30% stake in Nettlinx's waste to energy plant

9 November, 2018 2:04 PM
48 0
Japanese firms to acquire 30% stake in Nettlinx's waste to energy plant

Nettlinx said Japanese Investment firms - Takara Leben Co. Ltd and Kuni Umi Asset Management Co. Ltd may jointly acquire 30 percent stake in its upcoming SVGreen 12 MW waste to energy power plant here.

The BSE listed IT firm, as part of its business diversification has recently stepped into Green Energy Segment WTE Power Sector.

According to a press release, SVGreen is developing a WTE plant using waste collected in Greater Hyderabad Municipal Corporation limits and the project will be operational in about 18-24 months' time.

Also read: Sun Petrochemicals may enter power generation business to diversify portfolio

Source: moneycontrol.com

Share in social networks:

Comments - 0