Abellon Clean Energy Waste-to-Energy Projects
Sector: Biomass • Location: Gujarat, India
Source: Down To Earth
Abellon Clean Energy Ltd operated multiple waste-to-energy (WTE) incineration plants in Gujarat, including ongoing projects in Ahmedabad, Vadodara, Rajkot, and Jamnagar, burning about 3,750 tonnes of mixed municipal solid waste daily. The company faced insolvency due to loan defaults exceeding Rs 15 crore and mounting financial losses, with plans for 11 additional WTE plants across Gujarat. The Na
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | insolvency proceedings |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
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Contact
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Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Abellon Clean Energy Ltd operated multiple waste-to-energy (WTE) incineration plants in Gujarat, including ongoing projects in Ahmedabad, Vadodara, Rajkot, and Jamnagar, burning about 3,750 tonnes of mixed municipal solid waste daily. The company faced insolvency due to loan defaults exceeding Rs 15 crore and mounting financial losses, with plans for 11 additional WTE plants across Gujarat. The National Company Law Tribunal dismissed an insolvency case filed by REC Ltd but allowed for revival if no settlement is reached. The International Finance Corporation withdrew a planned $40 million investment citing environmental and social concerns. Local communities reported pollution and health risks, and regulatory violations were noted. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
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Location
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Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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