Essel Infra inks Concession Agreement with National Mission for Clean Ganga in Delhi for development of Sewage Treatment Plant under Hybrid Annuity based PPP mode
>>YES BANK commits to fund India’s 1st STP Project under PPP Model to clean river Ganga
Essel Infra, an enterprise of Dr. Subhash Chandra led Essel Group signs Concession Agreement with National Mission for Clean Ganga in Delhi for development of Sewage Treatment Plant under Hybrid Annuity based PPP mode. Essel Infra is the PPP Partner for this 50 MLD Sewage Treatment Plant (STP) contract based on Hybrid Annuity-PPP model. This project is the very first of the two such projects awarded under Namani Gange Program.
The project, which will be constructed in eighteen months and will be operated and maintained for 15 years by Essel Infra. This STP will treat 5 crore litres of sewage of Varanasi city every day. The project will use world class SBR (Sequencing Batch Reactors) technology to treat sewage as per stringent international quality standards. Currently, the entire sewage is being pushed in the River Gange without any treatment mechanism and is a major source of pollution in the river.
On the occasion, Mr. Rohit Modi, CEO, Essel Infra, said, “We are proud to be associated with the ‘Namami Gange Programme’ helmed by Hon’ble Prime Minister. This is an important milestone to achieve the goal of ‘Swachh Bharat’ and cleaning the Holy River Ganga. We are committed to complete the project before the scheduled timeline”.
Speaking on the occasion, Mr. Rana Kapoor, MD & CEO, YES BANK and Chairman, YES Global Institute said, “NAMAMI GANGE Projects are a true manifestation of the Clean India initiative. YES BANK, given its Responsible Banking ethos, is committed to sustainable projects in Sewage Treatment Plants and other related segments, which have significant social and ecological impact.
Essel Infra has a proven track record in executing urban infra projects and we are pleased to be supporting this 1st of its kind project in India.”
Essel Infra is leading the consortium for the project, will undertake complete designing, development, finance and construction work of the STP, its Effluent Disposal Pipeline and all associated infrastructure. The company is a well-established name in the infra sector due to its indelible credibility of undertaking large projects across the length and breadth of the country with the help of its state-of-art equipment and highly trained manpower. This first of a kind Sewage Treatment Project is being managed under the ‘Namami Gange Programme’, a Flagship Programme of the Central Government.