VaTech Wabag Bags Rs 1,187 cr Project in Bihar
Water technology company Va Tech Wabag Ltd on Tuesday said it has signed an agreement for a project worth Rs 1,187 crore under the `Namami Gange Programme' (NGP) in Bihar.
In a statement issued here, the company said the agreement was signed among National Mission for Clean Ganga (NMCG), Bihar Urban Infrastructure Development Corp Ltd (BUIDCO) and DK Sewage Project Private Ltd (a special arm of Va Tech Wabag).
According to Va Tech Wabag, the project includes development of Sewage Treatment Plants (STP) of 150 million litres per day (MLD) capacity along with sewerage network of over 450 km in the Digha and Kankarbagh zones of Patna, one of the most populous cities on the banks of River Ganga.
The scope comprises Design, Build and Operate (DBO) for a value of Rs 940 crore and Hybrid Annuity worth around Rs 247 crore, totaling Rs 1,187 crore.
The STPs will be enabled to produce renewable energy from biogas to run the plants leading to lower operating expenditure.
The company will also be responsible for the operation and maintenance of the STPs and the sewerage infrastructure for a period of 15 years.
The project will be implemented by BUIDCO with financial assistance from the World Bank under NMCG.