IFC, TCCL and EverSource to back WABAG's hybrid annuity model project

WABAG will execute Engineering, Procurement and Construction (EPC) portion of this project over 24 months followed by O&M of 15 years

VA TECH WABAG Ltd ('WABAG'), a leading pure play water technology company, announced financial closure for its Hybrid Annuity Model (HAM) project received from Kolkata Metropolitan Development Authority (KMDA). 

The project debt requirement will be funded by a consortium of International Finance Corporation (IFC) and Tata Cleantech Capital Limited (TCCL)

WABAG had earlier signed a Rs 575 crore HAM concession agreement under the Namami Gange programme administered by the National Mission for Clean Ganga (NMCG) which included the scope of engineering, supply and construction of new sewage treatment plants, renovation and upgradation of existing sewage treatment plants, rehabilitation of pumping