WABAG secures Financial Closure of NMCG Project and ties up Investment Partner
Posted On: 2021-02-17 11:34:56 (Time Zone: Arizona, USA)
VA TECH WABAG LIMITED ( WABAG ), a leading Pure Play Water Technology Indian Multinational Company has completed the Financial Closure for its Hybrid Annuity Model ( HAM ) project received from Kolkata Metropolitan Development Authority ( KMDA ).
WABAG had earlier signed a Rs. 575 Crore HAM concession agreement under the Namami Gange programme administered by the National Mission for Clean Ganga (NMCG ) which included the scope of 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 in Kolkata. WABAG will execute Engineering, Procurement and Construction ( EPO ) portion of this project over 24 months followed by O&M of 15 years. Once complete, the project with a cumulative wastewater treatme
VA TECH WABAG Ltd ( WABAG ), a leading pure play water technology company, announced financial closure for its Hybrid Annuity Model (HAM) project received from Kolkata Metropolitan Development Authority (KMDA). The project debt requirement will be funded by a consortium of International Finance Corporation (IFC) and Tata Cleantech Capital Limited (TCCL) WABAG had earlier signed a Rs 575 crore HAM concession agreement under the Namami Gange programme administered by the National Mission for Clean Ganga (NMCG) which included the scope of engineering, supply and construction of new sewage treatment plants, renovation and upgradation of existing sewage treatment plants, rehabilitation of pumping stations and other associated infrastructure in Kolkata.
Va Tech Wabag has achieved financial closure for its hybrid annuity project received from Kolkata
Metropolitan Development Authority.
The company had earlier signed a Rs. 575 crore HAM concession agreement under
the Namami Gange programme administered by the National Mission for Clean
Ganga (NMCG) which included the scope of 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 in Kolkata.
WABAG will execute Engineering, Procurement and
Construction (EPC) portion of this project over 24 months followed by O&M of 15
years.
Once complete, the project with a cumulative wastewater treatment capacity