UK-based Indian entrepreneur Giby George, who promoted GJ Nature Care & Energy (GJNCE) and GJ Eco Power (GJEP), is all set to target the Indian waste-to-energy segment with projected outlay of Rs 1,500 crore within the span of next five years.
The company primarily targets Kerala and other South Indian states where Municipal Solid Waste (MSW) management has been a huge challenge and governments are increasingly welcoming PPP models so as to attract latest global technologies as well as capital infusion to tackle the menace.
GJNCE has already won the global bid for the waste-to-energy project at Brahmapuram‐Kochi which is under DBOFT (Design, Build, Finance, Operate and Transfer) model, with a 20-year timeline and estimated outlay of Rs 300 crore.
The company is in advanced stage of discussions with various governments across the South, including Tamil Nadu and Karnataka for considerably large-scale projects to be established at their major metros.
It is estimated that every day 65 million tonnes of MSW and billions of litres of sewage are generated across the urban areas of India; this is excluding the large quantities of solid and liquid wastes generated by the manufacturing and various other industries. Read More…
Credit By: Business World
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