 "Essar Projects wins Rs 70 cr contract in Gujarat")
The company said it is a path-breaking project since it incentivises sale of treated water to industries.
"EPL, headquartered in Dubai, has through its Indian subsidiary Essar Projects (India) secured a project from Jamnagar Municipal Corporation in Gujarat, India, involving construction of a 70 MLD (mega litre per day) Sewage Treatment Plant (STP) and its allied infrastructure along with operation of the plant for 15 years," the company said in a statement.
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Essar Projects will invest an additional Rs 80 crore to create the necessary pipeline infrastructure for sale of water to industries in and around Jamnagar, it said, adding that both the projects shall be completed in 2 years time.
Essar Projects CEO Alwyn Bowden said, "This project provides a platform for launch of our water, sewage and solid waste business. While the sector is at a nascent stage in India today, this win shall open up a huge opportunity for these businesses, owing to rapidly growing urbanisation of the country. These sectors are well supported by government initiatives such as JNNURM and have a great future in India."
EPL offers its expertise to Oil & Gas, infrastructure, power and minerals & metals and has presence in over 20 countries spread across five continents.