Two Japanese firms to invest in Green Power Projects

NC Network 

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 on Saturday.  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.

Disclaimer: The above is subject to the approval of shareholders. This press release contains “forward- looking statements” that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “should” or “will.” Forward-looking statements by their nature address matters that are to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial Industry, from future integration of businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different from those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

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