Sunday, February 23rd, 2020

Power Finance Corporation Forays into Financing of Sewage Treatment Plants

INVC NEWS

New Delhi, Power Finance Corporation (PFC) has extended financial assistance of Rs.192.79 crore to Nagpur Waste Water Management Pvt. Ltd., a Vishvaraj Group company, for establishment of Sewage Treatment Plant in Nagpur for Sale of 150 MLD treated sewage water to PFC-funded Khaperkheda Koradi Thermal Power Stations (TPS) of Maharashtra State Power Generation Co. Ltd. (MahaGenco), a first of its kind project in India being executed in compliance of the National Tariff Policy’ 2016,under PPP mode. The plant is expected to be commissioned by 2020. The aim of this project is to reduce the stress on fresh sources of water for Power Generation, by supplying the treated sewage water to Power Plants for specific secondary uses like ash handling and cooling.Nagpur Municipal Corporation (NMC) shall also get revenue share from the sale of such treated sewage water to Mahagenco.


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