Two Japanese investment firms on Friday announced that they are investing in a Rs 260-crore waste-to-energy plant here.
The power plant, coming up at Pharma City near Hyderabad, will be operational in 18-24 months. The Greater Hyderabad Municipal Corporation will deliver 700 tonnes of municipal waste daily at the doorsteps of the plant.
SV Green will sell the power produced at this plant to Telangana State Southern Power Distribution Company Limited at Rs 7.40 per unit. The company has entered into a power purchase agreement for 30 years.
With a total investment of Rs 2,600 crore, these plants will have an installed capacity of 200 MW.
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