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Swedish co to tap Indian waste market

Swedish co to tap Indian waste market
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First Published: Fri, Sep 14 2007. 02 08 AM IST
Updated: Fri, Sep 14 2007. 02 08 AM IST
Stockholm: Swedish automated waste management firm Envac Centralsug AB, plans to enter the Indian market and is in talks with Mumbai International Airport Ltd, Mumbai Metro Regional Development Agency, and real estate developers DLF Ltd and Shapoorji Pallonji among others.
“We are making a plan to enter the Indian market. However, we are yet to take a firm decision. We would target large urban developments including townships and gated communities which are our key market,” said Jonas Törnblom, director, corporate marketing and communication, Envac.
The company has a significant presence in the market for converting waste into power and was part of the Swedish delegation that recently visited India.
Responding to a question on whether the company would form a joint venture company to enter the Indian market, Törnblom said: “We always form subsidiaries and only get into joint venture as an exception.”
Envac said there is a tremendous growth opportunity in India, with the national capital Delhi alone generating 7,000 tonnes of waste every day. India has a power generation capacity of 1,35,006MW today and plans to add 78,577MW of power generation capacity by 2012. Of this the ministry of non-conventional energy sources (MNES) aims to add 10% through renewable energy generation.
Gautam S. Bhattacharya, first secretary, commercial and cultural affairs at Embassy of Sweden in New Delhi, said: “India has come out on the world stage. The perception everywhere is that India is a place which cannot be ignored. Due to this, the level of investment from Sweden to India has also stepped up.”
Envac’s plans are consistent with that of MNES’. The ministry is setting up waste-to-energy projects in the country through two schemes, National Programme on Energy Recovery from Urban and Industrial Wastes and the UNDP/GEF-assisted Project on Development of High Rate Biomethanation Processes.
“Our solutions will be able to provide low cost energy cooling systems as we have the technology to turn waste into electricity and biogas. Though the Indian market is different, we are very determined to be here,” Törnblom said.
“While the response from India has been fantastic, there is a lack of coordination, vision on behalf of the government to coordinate along with the private sector,” he added.
Envac Centralsug AB clocked a turnover of $120 million in 2006-07 and is already present in Asia with operations in Dubai, China and South Korea.
Jacob P. Koshy contributed to this story.
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First Published: Fri, Sep 14 2007. 02 08 AM IST