WABAG secures Hybrid Annuity Order from Namami Gange worth INR 575 Crore
Deepthi | Myequity news | Date : 08-03-2019 09:35:00 IST
VA TECH WABAG LIMITED (`WABAG'), a leading Pure Play Water Technology Indian Multinational Company has secured INR 575 Crore worth order under the prestigious National Mission for Clean Ganga ('NMCG') Scheme to Design, Build, Rehabilitate and Operate Sewage Treatment Facilities and associated infrastructure in Kolkata, West Bengal.
The project will be executed on Public Private Partnership basis under the Hybrid Annuity Model (`HAM').WABAG will build the sewage treatment plants over a period of 24 months and further Operate & Maintain them over a period of 15 years.
The Design, Build, Rehabilitate and Operate contract from Kolkata Municipal Development Authority, funded by NMCG includes Engineering, Supply and Construction of new Sewage Treatment Plants, Renovation and Up-gradation of existing Sewage Treatment Plants, Rehabilitation of pumping stations and other associated infrastructure. WABAG will build the plants using resource recovery from bio-sludge in line with India'sgreen power vision.
Commenting on this order, Mr. S Varadarajan, Whole-time Director and Chief Growth Officer
said, "We are delighted and proud to have secured our breakthrough HAM order under the prestigious Namami Gange Program and this win reinstates our commitment to ensure water security for the nation by partnering with the Government policies. Once completed, these plants will contribute to reducing the discharge of untreated sewage into the Holy Ganga from the state of West Bengal significantly."
Around the world, the WABAG name stands for innovative and successful solutions in the water engineering sector. As an internationally respected expert group, we act as a systems specialist and full service provider with a focus on the planning, installation and operation of drinking and wastewater plants for local government and industry in the growth markets of Asia, North Africa, Middle East, the Central and Eastern Europe.