Ram Charan signs US $700 mn deal with Kafkans
Sustainability

Ram Charan signs US $700 mn deal with Kafkans

The company will build operate and transfer these high quality waste management units in the developing industrial areas of Azerbaijan to help manage industrial effluents

  • By ICN Bureau | December 30, 2021

Ram Charan Co. Pvt. Ltd. has bagged a US $700 million deal to supply waste management units to Kafkans Finanz, the local partner with Ram Charan and has experience in logistics, infrastructure, and imports to Azerbaijan.

The agreement will see the supply and setting up of waste management units in the industrial areas around Baku in Azerbaijan from December 2022 onwards. 

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 initially have the capacity to generate upto 200 MW of power.

Recently, Ram Charan had entered into an US $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 the 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 waste into energy, with zero residue to the environment, making it the first of its kind globally and also the safest."

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. The manufacturing facilities in India are planned in the state of Tamil Nadu and Gujarat.

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