WABAG secures hybrid annuity order

11 March 2019

VA TECH WABAG LIMITED (WABAG), an Pure Play Water Technology Indian Multinational Company has secured Rs 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.

NMCG

The project will be executed on a 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's green 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 ensuring 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."

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