Cochin Waste 2 Energy looks for investors

V. Sajeev Kumar Kochi | Updated on January 08, 2018

Kerala's first waste-to-energy plant in the private sector, which is coming up at Willingdon Island, is seeking investors for its completion. The waste-to-energy gasification plant, located at the land taken on lease from the Cochin Port Trust, is being set up by the Cochin Waste 2 Energy Pvt Ltd.

The total estimated cost of the project, which is being implemented in two phases, is Rs 16 crore. The first phase, which involves waste treatment plant, has successfully completed trial run. Jose Dominic, chairman of Cochin Waste 2 Energy Company Pvt Ltd said that Rs 6.5 crore has to be raised for the second phase to be fully operational.

“We have been looking for investors for the completion of the second phase, which involves installation of heavy duty shredder, conveyor, gas cleaning up system and power plant. The project can be completed within six months once the fund is raised,” he said adding that the company has a group of businessmen from Kochi and nearby areas as investors.

The technology for the plant was developed by Kakkanad-based Team Sustain. The plant has the capacity to treat 40 tonnes of non-biodegradable waste per day and can generate 24 lakh units of electricity per annum. The plant can treat all types of non-biodegradable waste including, plastics, toxic chemicals, e-waste and other hazardous wastes.

According to George Mathew, CEO, Team Sustain, the electricity generated at the plant can be sold at a price of Rs 7.5-8.

Published on October 26, 2017

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