In March 2023, OeEB signed a bilateral project financing in the amount of EUR 25 to Agra Waste Water Management Private Limited, India. The credit line will be used to finance the construction of 13 wastewater treatment plants with a total capacity of 177.6 MLD, including the associated infrastructure, in the city of Agra in the Indian state of Uttar Pradesh.
|Project name||Agra Waste Water Management Private Limited|
|Region||Southern and Eastern Asia|
|Sector||Water supply and storage|
|OeEB project volume||EUR 25 Million|
|International climate finance according to UNFCCC||Partially|
|Projekt partner||Agra Waste Water Management Private Limited|
The project is being implemented on a Hybrid Annuity PPP mode under the Government of India’s "Namami Gange" (Clean Ganga) program with the Indian Ministry of Water Resources, River Development and Revitalisation of the Ganges and aims to eliminate the existing sewage problems in three districts of Agra and the resulting pollution of the river Yamuna, the main tributary of the Ganges. The city of Agra is located on the shore of the river Yamuna and, with 1.7 million inhabitants, is one of the most populous cities in the Indian state of Uttar Pradesh. Agra is especially known for the Taj Mahal, a UNESCO World Heritage Site.
The project is the second project OeEB has financed under the NamamiGange-Programme and for our existing client Vishvaraj Environment Pvt. Ltd. The project will also benefit from a World Bank guarantee during the operational phase.
The planned use of solar PV systems with a total capacity of 2.6 MW at the three largest wastewater treatment plants in the project will not only cover up to half of the electricity consumption of the respective wastewater treatment plant, but the use of renewable energies will also help to reduce CO2 emissions.
The use of renewable energies will also contribute to the reduction of CO2 emissions. In addition, the construction of a biogas plant at the planned 100 MLD wastewater treatment plant of the project is planned. The implementation of the project will contribute to both climate change mitigation and the development of climate change adaptation strategies and is thus in line with the OeEB strategy and is expected to be at least 50% climate responsive.