CSR
Power Finance Corporation Forays into Financing of Sewage Treatment Plants
New Delhi: Power Finance Corporation, 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 150MLD 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 the revenue share from the sale of such treated sewage water to Mahagenco.
Read Also : Air Chief Marshal VR Chaudhari, CAS presented Presidential Awards to 51 IAF personnel
News Must Read
- NCL General Manager (Finance) D Sunil Kumar recommended for SECL Director (Finance)
- Bank of Maharashtra Q4 results, Net Profit increased by 44.95 percent to Rs 1,218 crore
- Axis Bank Overtakes Kotak Mahindra Bank to Become India's Fourth Most Valued Lender
- LIC cuts stakes in major PSU stocks
- SJVN CMD Geeta Kapur Inaugurates Construction Works at Sunni Dam Project in Himachal Pradesh
- PESB Selects R Veerabahu as Director (Finance) for Braithwaite & Co. Limited
- Grew Energy bags largest order of 200 MW Contract of SECI's Auction
- CPCL Reports 39% YoY Drop in Q4 Net Profit, Declares Rs 55 per Share Dividend
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station