Va Tech partners PFS for financial closure of HAM
The Hindu
City-based Va Tech Wabag Ltd (Wabag) has partnered PTC India Financial Services Ltd (PFS) to achieve financial closure for its Hybrid Annuity Model (HAM) project received from Bihar Urban Infrastructu
City-based Va Tech Wabag Ltd (Wabag) has partnered PTC India Financial Services Ltd (PFS) to achieve financial closure for its Hybrid Annuity Model (HAM) project received from Bihar Urban Infrastructure Development Corporation (BUIDCO). As per the agreement, an amount of ₹86 crore will be funded by PFS and Wabag will invest ₹29 crore in one or more tranches. PFS is a leading green infrastructure finance company that provides a vast array of services to the entities in infrastructure sector. Wabag had earlier bagged the ₹1,187 crore order from BUIDCO under the National Mission for Clean Ganga (NMCG) scheme to develop Sewage Treatment Plants (STP) of 150 MLD capacity along with sewerage network in the Digha and Kankarbagh zones of Patna, S. Varadarajan, director and chief growth officer, Wabag told reporters.
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