Implementation of the deal is expected to begin in November 2022, with units set up across Ghana over a two-year period. The agreement and waste-to-energy services will be delivered under the trade name “Entity 1.”
Chennai-based Ram Charan, a leading chemicals distribution and research company in the management of expired chemicals, has signed a $2.2 billion agreement with Ghana-based Al-Masry to supply waste to power units, which is expected . To generate 300 megawatts of power across the country. El-Masry, which operates in Ghana’s energy field, through the deal, has made its foray into the waste-to-energy business.
Implementation of the deal is expected to begin in November 2022, with units set up across Ghana over a two-year period. The agreement and waste-to-energy services will be delivered under the trade name “Entity 1.”
Kaushik Palicha, Director of Ram Charan Corporation, said: “In line with our mission to convert bulk waste into energy without leaving any residue, we have successfully signed our first agreement to supply our units to El Masry. In line with our overall objective, we are confident that our objective of delivering Waste-to-energy products and the new generation of energy storage devices will greatly help the environment.”
The agreement follows a $4.14 billion investment made by US-based deep impact fund TFCC International to acquire a 46% stake in Ram Charan recently. According to a statement from the company, the technology used by Ram Charan allows for no toxic waste, and can be used to convert all types of non-isolated waste into energy, with zero waste to the environment, making it the first of its kind globally and also the safest. Ram Charan implements modern technologies, taking into account the production unit of zero per million, and is also among the first world companies to establish the responsibility for the final product of its products. The technology, which was developed in-house after research from 2016 by the current team at Ram Charan headed by Kaushik Palicha, is branded as Entity 1, and has a large portfolio of products designed for release from 2022 until 2024. The company’s manufacturing facilities in India are planned in Tamil Nadu and Gujarat.
Ram Charan started its business as a chemical distribution company and moved into research based on managing chemicals at the end of its life, due to the harm it causes to the environment. It began researching these projects in 2016, and has since set out to develop products that can process large amounts of unsorted waste, creating severe difficulties in terms of waste management, disease spread and multiple challenges.
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