Days after announcing a $4.14-billion investment from the US-based fund TFCC International earlier this month, Chennai-based firm Ramcharan Co Pvt Ltd said on Friday it had signed a deal worth $2.2 billion with Ghana-based Masri Company Ltd to supply its waste-to-energy units to generate about 300 mega watt (MW) of power to the African country.
This translates to about Rs 50-55 crore per mega watt and is much higher as compared to the reported cost of setting up solar (Rs 4.5 crore per MW), wind (Rs 5.5 crore) and the existing gasification waste-to-energy units (Rs 15-18 crore per Mw) in India. The company said that the cost is not not only to generate power but to use the aggregated waste as part of a circular economy.
