Following statistics are compiled from Economic Times
Magazine ( Jan 14-20 ) :
Cash from
Trash , Anyone ?
·
Yearly generation of municipal solid waste
( MSW )…………………………….. 62 million tons
·
Expected by 2031…………………………………………………………………………………
165 million tons
·
Landfill needed per year ( if waste remains
untreated )……………………….. 1240 hectares
·
Area likely to be consumed as sanitary
landfill ( in next 20 years )……….. 454 sq km
·
Capital cost of a ONE MW “
Waste-to-Energy “ plant…………………………. Rs 16-17
Crore
·
Energy generation potential from waste ( Currently
)…………………………… 500 MW
[ requiring capital of Rs 8,500 Cr ]
·
Energy generation potential from waste ( by
2031 ) …………………………… 1075 MW
[ requiring capital of Rs 18,250 Cr ]
·
Number of existing plants in India……………………………………………………… 6 ( totalling 66 MW )
# Ramky
Group……………………………. 24 MW ( Narela-Bawana )
# Jindal Urban Infrastructure……….. 16 MW ( Okhla
)
# IL & FS …………………………………….. 12
MW ( Ghazipur )
# Jabalpur ( MP )…………………………… 9 MW
# Solapur
( Maha )…………………….. 3 MW
# Simla
( HP )…………………………….. 1.75 MW
=================================================================================
·
Prasad Reddy B ( DGM – Ramky Group ) says :
“ We have invested Rs
490 crore in our project . It will take
10 – 12 years to recover that kind of investment . The government must not look
at creating wealth out of waste ; the focus should be on how to get rid of the
waste “
The project situated in 100
acres can make Rs 80-100 crore annually from its 24 MW plant , apart from selling
compost of Rs 2-3 crore . But the
maximum revenue – about Rs 125 crore a year – comes from what’s called tipping
fee, given by the North Delhi Municipal Corporation for collecting waste at the
rate of Rs 1650 per tonne
QUESTION
:
·
Solar Power and Coal Power plants need Rs
6-7 Cr per MW , against Rs 16-17 cr / MW for Waste-to-Energy plants
·
But , it is safe to assume that the selling
price ( Rs / Kwh ) for both remains same , in a competitive market . In fact ,
selling price of Solar is going down by 15 % per year !
·
Under this scenario, it is not surprising
that businesses are not coming forward to invest in “ Waste to Energy “ plants
===============================================================================
SOLUTION
:
·
Each “ Waste to Energy “ plant must be made
an “ Infrastructure SPV “ , which will be exempt from paying Corporate Income
Tax for 25 years
·
Under a specially devised AMNESTY SCHEME ,
black money should be allowed to be invested into such SPVs , with just one
time “ Disclosure Tax “ of 4 % ( as done by Indonesia ) , without any penalty /
litigation re arrears or questions as to
the source of funds
In absence of such a drastic “ Innovation “ , it is
simply not possible to attract any private sector investment in this area . If
not implemented immediately , expect mountains of garbage around all cities and
outbreak of diseases !
There need not be any misgivings about using “ Dirty
Money “ to lead us to “ Swatchh Bharat “ !
=====================================================
REFERENCES
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