Essel Infraprojects is evaluating monetisation of its waste-to-energy business as part of its deleveraging exercise. The company has three operational and around 12 under-construction projects across the country.
The company is in talks with suitors operating in the municipal solid waste disposal segment, and expects an early sale of assets to meet the September 2019 deadline. The projects are valued at around Rs 2,500 crore to Rs 3,000 crore at a price of Rs 250 crore per project.
Essel Infraprojects has waste-to-energy projects across the country with Andhra Pradesh having six of these projects, Madhya Pradesh has three (Jabalpur, Bhopal and Indore), one in Gujarat (Surat), one in Punjab (Amritsar) and one in Jharkhand (Ranchi), among others.
The awarded projects will have a maximum generation capacity of 11 MW by churning around 300-600 tpd of waste. In 2018, the company secured three waste-to-energy plants in Andhra Pradesh that comprised R-Grate type waste combustor and flu gas treatment systems with a processing capacity of 330 tpd and a power output of 600 kW.