Ram Charan Co Pvt. Ltd has bagged a deal to supply waste management units to Kafkans Finanz LLC, Baku, Azerbaijan. The agreement valued at USD 700 million, will see the supply and setting up of waste management units from December 2022, in the industrial areas around Baku in Azerbaijan.
Ram Charan will build operate and transfer these high-quality waste management units in the developing industrial areas of Azerbaijan to help manage industrial effluents and bring back a significant amount of energy to these industrial areas. The Units when installed will have the capacity to generate up to 200 MW of power initially.
Kafkans is the local partner with Ram Charan, with an experience in logistics, infrastructure, and imports to Azerbaijan.
Azerbaijan, a developing country located on the old Silk Road, is a developing Nation, and the provision of this technology will provide immense support to the industrial growth in the region.
Recently, Ram Charan Co Pvt. Ltd. had entered into an USD 2.2 billion agreement with Ghana based Masri Company Limited to supply waste to energy units that is expected to generate 300 MW of power across the country.
The agreements come against the backdrop of Investments made by TFCC International for a 46 % equity in Ram Charan Co. Pvt. Ltd for investment into environment to energy management systems and renewable energy devices with high storage capacity made from sodium silicate.
Chris Curtis, Chairman, TFCC International, said, “through these agreements we hope to rapidly scale up our technologies offerings in the waste to energy field that will help the environment in a significant manner. The technology used by Ram Charan allows for zero toxic residue, and can be used to convert all types of unsegregated of waste into energy, with zero residue to the environment, making it the first of its kind globally and also the safest. Funds like Engine No. 1 are leading the environment space with relevant investments, and showing the path for global investment managers to look at such opportunities with interest, and the scope to grow scale.”
Ram Charan is implementing modern techniques considering a zero part per million production unit, and also amongst the first globally to set up End Product Responsibility for their products. The technology, developed in house after research from 2016 by the current team at Ram Charan has been branded under the name Entity 1, and has a slew of products lined up for release from 2022 till 2024. Manufacturing facilities in India, are planned in the state of Tamil Nadu and Gujarat.