VA Tech Wabag bags huge order under National Mission for Clean Ganga
WATER & WASTE

VA Tech Wabag bags huge order under National Mission for Clean Ganga

Water treatment company VA Tech Wabag has secured a contract worth Rs 1,187 crore order from Bihar Urban Infrastructure Development Corporation (BUIDCO) under the National Mission for Clean Ganga (NMCG) Scheme to develop Sewage Treatment Plants (STP) of 150 million litres per day (MLD) capacity along with sewerage network of over 453 km in the Digha and Kankarbagh zones of Patna.

The company will execute the engineering, procurement and construction (EPC) part of the STP under the hybrid annuity model (HAM), along with this project over a period of 24 months. This would be followed by operations and maintenance (O&M) of 15 years.

The STPs will produce renewable energy from biogas to run the plants leading to lower operational expenses.

This project comprises a Design, Build and Operate (DBO) scope worth Rs 940 Crore and HAM scope worth around Rs 247 crore.

The EPC portion of the HAM scope is to be funded through a mix of NMCG grant, equity and debt. An NMCG grant will fund 40% of the segment during the construction period, and the remaining 60% will be funded by a mix of debt and equity.

WABAG has partnered with PTC India Financial Services Limited (PFS) to meet the project’s debt funding requirement.

PFS is a green infrastructure finance company that provides a vast array of services to the infrastructure sector entities while contributing to the country's sustainable development goals.

PFS extends debt, mezzanine and bridge finance to projects in renewable power generation, transmission, distribution, road HAM/annuity projects, sewage treatment projects, water supply projects, e-mobility projects, among others, with an aim towards financing sustainable green infrastructure projects and other economic strategy sectors.

Image Source


Water treatment company VA Tech Wabag has secured a contract worth Rs 1,187 crore order from Bihar Urban Infrastructure Development Corporation (BUIDCO) under the National Mission for Clean Ganga (NMCG) Scheme to develop Sewage Treatment Plants (STP) of 150 million litres per day (MLD) capacity along with sewerage network of over 453 km in the Digha and Kankarbagh zones of Patna. The company will execute the engineering, procurement and construction (EPC) part of the STP under the hybrid annuity model (HAM), along with this project over a period of 24 months. This would be followed by operations and maintenance (O&M) of 15 years. The STPs will produce renewable energy from biogas to run the plants leading to lower operational expenses. This project comprises a Design, Build and Operate (DBO) scope worth Rs 940 Crore and HAM scope worth around Rs 247 crore. The EPC portion of the HAM scope is to be funded through a mix of NMCG grant, equity and debt. An NMCG grant will fund 40% of the segment during the construction period, and the remaining 60% will be funded by a mix of debt and equity. WABAG has partnered with PTC India Financial Services Limited (PFS) to meet the project’s debt funding requirement. PFS is a green infrastructure finance company that provides a vast array of services to the infrastructure sector entities while contributing to the country's sustainable development goals. PFS extends debt, mezzanine and bridge finance to projects in renewable power generation, transmission, distribution, road HAM/annuity projects, sewage treatment projects, water supply projects, e-mobility projects, among others, with an aim towards financing sustainable green infrastructure projects and other economic strategy sectors. Image Source

Next Story
Infrastructure Urban

CASE India Launches Project Milaap for Devotee Safety at Kumbh Mela

CASE Construction Equipment, a brand of CNH, launches Project Milaap, a groundbreaking Corporate Social Responsibility (CSR) initiative aimed at ensuring the safety of millions of devotees attending the Kumbh Mela 2025 in Prayagraj. The initiative was officially flagged off in the presence of CSR committee Emre Karazli, VP-Construction Segment, CNH APAC, Shalabh Chaturvedi, Managing Director, CASE India & SAARC, Satendra Tiwari, Executive Director – Operations, Mr. Puneet Vidyarthi, Head of Brand Marketing, APAC along with representatives from the company. With an expected footfall of over ..

Next Story
Infrastructure Energy

CleanMax Announces Financing for Onsite Solar Projects in UAE

CleanMax, one of Asia's leading renewable energy providers for the Commercial and Industrial (C&I) sector and a Brookfield-backed company, announced that it will obtain AED 99 Million (USD 27 Million) long term credit facility from HSBC to develop and finance its onsite solar portfolio in the UAE. The facility will cover 92 onsite solar assets, located on industrial facilities, malls, schools and universities. The financing arrangement also provides an uncommitted accordion of AED 37 Million (USD 10 Million) for development of future projects, in alignment with UAE’s Net Zero 2050 Strategy. ..

Next Story
Infrastructure Urban

Virtusa Foundation’s School Restoration Project Wins UNESCO Award

Virtusa, through the Virtusa Foundation, proudly announces that the restoration of the Byramjee Jeejeebhoy Parsee Charitable Institution (B.J.P.C.I) in Mumbai has been honored with the ‘Award of Merit’ from the UNESCO Asia-Pacific Awards for Cultural Heritage Conservation 2024. This project, which aligns with the Virtusa Foundation’s core pillars of education, empowerment, and environment, highlights Virtusa’s commitment to sustainability and social impact. By supporting restoring this 134-year-old structure, Virtusa has helped preserve a vital piece of history while ensuring the insti..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000