Investment opportunities
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Investment opportunities
NexusNovus as a project developer has been able to acquire several concessions based on either tenders or nomination.
The in-house simulation and analytical models have allowed us to risk-reduce our projects significantly, not making the same mistakes other developers have made in the past. We work WITH the waste, instead of against it.
Municipal Solid Waste that contains a large fraction of organic waste is not suitable for standard incinerator technologies, instead, we can opt to utilize the organic fraction to produce Compact Natural Gas and or power and use the combustible fraction to generate power through gasification. This way we achieve lower Levelized costs and a much lower risk structure.
50MWh
Pipeline
Our Solutions
Fool proof
Indian and African waste is highly heterogenic and fluctuates drastically from day-to-day. Our systems are able to manage this heterogeneity and treat the two main energy carrying components independently by using a combination of sorting, gasification and biomethanization
Modular
Every sub-system of the plant is modular, allowing us to build in phases and never to over-extend and run a plant on lower capacity, offering significant financial risk reduction options.
Future proof
The various modules can also be upgraded individually. Three consortia have been formed to tackle the biggest issues head on: "Thermal Solutions for combustibles" , "Nutrient recovery and power generation for organic fractions" and "Simulation, AI/ML and IIoT implementation"
Risk reduced
The before mentioned strategies are pillars of our solution that allows us to drastically de-risk our projects, generating effectively an annuity model with steady returns.
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Financials of Bangalore Project
| Brief details on the project | A Concession Agreement (CA) for up to 1000 TPD is signed, 30-acre land is allocated and a PPA for 7.08 INR per kWh has been acquired. In addition, an MoU for 46 INR/kg for bio-CNG can be signed as per SATAT policy. |
| Estimated project cost | 295.75 Crores in INR (37 M Euro) |
| Techno-Economic Viability | Project Internal Rate of Return (IRR):16.70% Equity IRR:25.86% Net Present Value: 115.4 crore (14.4 M Euro) Debt Service Coverage Ratio (DSCR): 1.24 |
| Proposed D/E ratio | 1.83:1 Equity – INR 44.36 Crores (5.5 M Euro) LT Debt – INR 251.39 Crores 31.4M Euro) |
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Portfolio of projects/project pipeline
- W2E Bangalore is one of many projects in the pipeline developed by NexusNovus. Currently, there are six projects for which NexusNovus has a concession, which represents more than 50MWh in renewable energy
- The portfolio can be extended with ‘turn-around projects’ and fresh tenders for which NexusNovus and partners qualify. It is estimated that there are between 50-100 ‘turn-around projects’ in India and South Africa alone, which are currently stuck due to lack of funds, technology, or promotor skill-sets.
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Signing ceremonies
MoU signing between Netherlands’ PPP ‘Waste 2 Value’ Consortium, headed by NexusNovus, and the state of Maharashtra, in presence of, from l.t.r. Ambassador Mr. Stoelinga, Prime Minister of the Netherlands Mr. Rutte and Consul General Mr. van Leeuwen
Foundation Stone Laying Ceremony
From right to left: Commissioner Bangalore (Mr. Khan),CEO NexusNovus (Mr. Rutger de Bruijn),Minister of Bangalore (Mr. George), Mayor (Mr. Raj), Billionaire investor (Dr. BR Shetty), Minister of Energy (Mr. Shivakumar). In presence of, off camera, attaché Embassy of the Netherlands (Mr. Beerepoot)
MoU signing between Netherlands’ PPP ‘Waste 2 Value’ Consortium, headed by NexusNovus, and the state of Karnataka, in presence of Chief Minister Siddaramaiah, Minister of Bangalore George and, Ambassador Stoelinga
MoU signing between Netherlands’ PPP ‘Waste 2 Value’ Consortium, headed by NexusNovus, and the state of Himachal Pradesh, in presence of Director HP Ministry of Urban Development Cpt Pathania
Announcement by Principal Secretary, Ministry of Urban Development of Empanelment of NexusNovus with MoUD at a seminar organized by Netherlands’ PPP ‘Waste 2 Value’ Consortium, headed by NexusNovus
Bilateral meeting between Netherlands delegation organized by the Embassy to Andhra Pradesh, chaired by Chief Minister Naidu, post signing of Concession Agreement for Kurnool Waste to Energy project
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Contract snapshots
Recommendation letter by Netherlands’ Embassy in relation to Netherlands’ PPP ‘Waste 2 Value’ Consortium, headed by NexusNovus.
Empanelment by MoUD
Letter of Acceptance by billionaire Dr. BR Shetty, chairman and director to the SPV NNC Bangalore Waste to Energy Pvt Ltd(Nexusnovus group).
Concession Agreement between Bangalore Municipality and NNC Bangalore Waste to Energy Pvt Ltd(Nexusnovus Group).
Power Purchase Agreement Kurnool Municipality – Greenade Waste to Energy Pvt Ltd(Nexusnovus group)
Concession Agreement Kurnool Municipality-Greenade Waste to Energy Ltd(Nexusnovus group)
