Ramky Enviro Engineers along with Chinese company Chongqing Sanfeng Environmental Industry Group plans to address the waste to energy project market in India through a joint venture (JV). This venture is aimed at expanding the scope of the work to be handled together, according to M Gautham Reddy, Director, Ramky Group. A memorandum of understa nding (MoU) was signed with the Chinese company and the efforts will be to make use of each others expertise in waste to energy projects. The JV will be formed within two months.
The venture partners have build, operate and transferwaste to energy projects in Mumbai Metropolitan Development Authority,
Hyderabad, New Delhi and Chennai worth about $300 million (about Rs 1,650 crore). This includes a 24-MW project in Delhi at about $60 million (about Rs 330 crore). The metropolitan areas generate huge waste and its disposal is a big challenge. Projects that help waste disposal and also enable in power generation is the way to go forward, Reddy said.
Leave a Reply
You must be logged in to post a comment.