World Health Energy Holdings subsidiary, GNE-India, has signed a memorandum of understanding with Prakash Anthony to install a 250 acre commercial algae biodiesel farm in Karnataka, India.

A total of $100m will be invested in the algae biodiesel farm which will produce fish feed and algal oil.

The initial project will consist of a 2.5 acre system using the GB3000, a proprietary algae enhancement technology, used for rapidly and efficiently growing algae for biodiesel production.

GNE-India, an algae technology company was recently acquired by World Health Energy Holdings.

The company holds the exclusive distribution and licensing rights in India and Sri Lanka for the innovative system to grow algae quickly and efficiently for energy and food protein.