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Last Updated : Nov 09, 2018 07:47 PM IST | Source: PTI

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

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

 
 
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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.

SVGreen has acquired suitable land, obtained necessary statutory clearances and approvals from State government agencies, the release said.
First Published on Nov 9, 2018 07:34 pm
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