/ -- For the first time in the country, Megha Engineering and Infrastructure Limited (MEIL), has taken up five water supply projects on an annuity basis. They are Keshavapur Reservoir (Hyderabad), the potable water supply to 190 villages and 5 municipalities of surrounding Outer Ring Road (ORR), 2426 School buildings construction in Nellore and Prakasham districts in Andhra Pradesh and Bulk drinking water project in Bhubaneswar in Odisha.
(Photo: https://mma.prnewswire.com/media/811416/MEIL_Bubhaneshwar_Bulk_Water_System.jpg )
Explaining the annuity projects, Mr. Bonthupally Srinivas Reddy, Vice President, MEIL, Keshavapur Reservoir, said, "When government runs out of planned budget, some of the essential projects are awarded to interested private companies and in turn, the companies will recover the cost over a period from the government. Earlier, these annuity projects were taken up in infrastructure and road projects. But, for the first time in India, MEIL has taken up annuity projects in the education and drinking water sectors."
10 tmc Keshavapur Reservoir
The Keshavapur reservoir in Shameerpet construction with 10 tmc capacity will cater to the drinking water needs of Hyderabad city. Along with Keshavapur reservoir, MEIL is also constructing a water treatment plant with 750 mld capacity to cater the water needs of Shameerpet and nearby villages. Mr. Srinivas Reddy said, " MEIL has tak en up this project at an estimated cost of Rs. 4,396.15 crore, out of which the government will allocate 20 per cent and 80 per cent by MEIL, which will repay at the time of the maintenance period. This project to be completed in 36 months. Megha Engineering plans to begin this project works very soon."
Megha water for Greater Hyderabad
Water Supply to Municipalities
School Buildings by Megha
Bulk water project in Bhubaneswar
About MEIL
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