State-owned Power Finance Corporation (PFC) has forayed into sewage treatment finance segment by extending Rs 192.79 crore assistance to Nagpur Waste Water Management, a Vishvaraj Group firm.
The funds will be used for establishment of sewage treatment plant in Nagpur, which will sell 150MLD treated sewage water to PFC-funded Khaperkheda & Koradi Thermal Power Stations of Maharashtra State Power Generation (MahaGenco), a first of its kind project in India being executed in compliance of the National Tariff Policy 2016, under PPP (Public Private Partnership) mode, a PFC statement said.
According to the statement, 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 will also get revenue share from the sale of such treated sewage water to Mahagenco, it added.