“waste not, want not” it is really hard to not be able to think of at least ONE more use for everything we have!
Originally posted on Gigaom:
An Indian company which plans to build a power plant that runs on city waste will aim for a $200 million IPO next month, according to a report from Bloomberg. The company is called Ramky Enviro Engineers, and it’s backed by the private equity arm of Standard Chartered.
India asks its carbon-intensive industries — like power generation and mining — to get 10 percent of their yearly energy quotient from clean sources. The regulations currently aren’t widely heeded, but the Executive Director of Ramky Enviro Engineers, Goutham Reddy, tells Bloomberg that he thinks that the government will soon get much more strict about environmental regulations.
The growing amount of waste in India can be a valuable resource. India has a population of 1.2 billion and an increasing amount of those people are living in cities. India’s cities now generate 55 million tons of solid waste and 38 billion liters of sewage per year, according to consulting firm Energy Alternatives India and cited by Bloomberg.