WABAG bags Rs 700 crore order from Zambia to set up waste water treatment plants
The order has been secured from the Lusaka Water Supply and Sanitation Company, Zambia which also marks the entry of VA Tech WABAG into African country.
Water treatment player VA Tech WABAG has bagged a European Investment Bank and Germany-based Kreditanstalt fur Wiederaufbau (KfW) Development Bank funded design, build order for establishing two waste water treatment plants valued at Euro 78 million (about Rs 700 crore) in Zambia.
The order has been secured from the Lusaka Water Supply and Sanitation Company, Zambia which also marks the entry of VA Tech WABAG into African country.
Under this Design, Build, Operate contract, WABAG would execute the Engineering, Procurement and Construction (EPC) of two advanced Wastewater Treatment plants -- a 54 MLD and another 19 MLD in Ngwerere and Chunga, respectively, a company statement here said on Friday.
The EPC phase would spread across 36 months and another 24 months for the Operation and Maintenance of the project to ensure sustainable performance and efficiency.
"We extend our heartfelt gratitude to Lusaka Water Supply and Sanitation Company for their confidence in WABAG to deliver one of the Zambia's largest and most advanced sanitation projects in the recent decades," company Head - Sales and Marketing (Africa) Guhan Kandasamy said.
Majority of the energy needs of the two plants would be sustainably met through green energy sources, utilising a combination of biogas and solar power.
Kandasamy added, "Through this project, WABAG is proud to contribute significantly to the Zambian Government's mission to enhance water and sanitation infrastructure, positively impacting countless lives."
WABAG over the last three decades, has successfully designed and built over 1,500 municipal and industrial water and wastewater treatment plants worldwide, the company said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Top 7 ETFs With Highest Returns in 1 Year: No. 1 ETF has turned Rs 8,78,787 investment into Rs 13,95,091; know how others have fared
after bumper 2024 rs 2 lakh crore worth ipos expected in 2025 primary market nsdl avanse financial ecom express sebi approval
Power of Compounding: Rs 5 lakh lump sum investment in 3 flexi schemes has grown to at least Rs 15.5 lakh in 5 years; see list
Latest SBI Senior Citizen FD Rates: How much senior citizens can get on investments of Rs 5,55,555, Rs 7,77,777, and Rs 9,99,999 in Amrit Vrishti, 1-, 3-, and 5-year FDs
Rs 1,000 Monthly SIP for 40 Years vs Rs 10,000 Monthly SIP for 20 Years: Which can give you higher corpus in long term? Calculations inside
03:43 PM IST