Chennai, October 11, 2017:Essel Infra, an enterprise of Dr. Subhash Chandra led Essel Groupsigns Concession Agreement with National Mission for Clean Ganga in Delhi for development of Sewage Treatment Plant under Hybrid Annuity based PPP mode.Essel Infrais 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 NamaniGange 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 crorelitresof sewageof 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. RohitModi, CEO, Essel Infra, said, “We are proud to be associated with the ‘NamamiGangeProgramme’ 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 ‘NamamiGangeProgramme’, a Flagship Programme of the Central Government.
About Essel Infra:
One of the fastest growing companies having diversified interests in infrastructure projects, Essel Infra Is a successful venture by the Essel Group with 3 SBUs & 7 business verticals comprising of order book value USD 4.3 billion and a National footprint in more than 17 states and across 100+ cities. We aspire to contribute to India’s growth story by investing in key infrastructure initiatives. The company has embarked on an exciting journey to transform the façade of our nation with significant infrastructure projects.
The group ventured in Infrastructure space in 2007 with an entry into the surface transport segment and today has presence in transport (roads), power transmission & distribution, urban infrastructure, environment (municipal solid waste), waste water treatment and water desalination (Swachh Bharat Mission and NamamiGange Project), solar & hydro, integrated utilities (power & water).
For further details contact:
|Mr. Gopal Gupta|
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