VA Tech Wabag Ltd. (Wabag) has entered into an MoU with Peak Sustainability Ventures (PEAK) to set up 100 bio-CNG plants at sewage therapy amenities throughout India and different mutually agreed-upon places within the GCC, Africa and European international locations.
The events purpose to harness the unutilised potential of sewage therapy plants and generate bio-CNG which can be utilized for mobility software in vans and heavy obligation automobiles, and for industrial functions, thereby decreasing the necessity for fossil fuels, the Chennai-based water therapy agency stated in a press release.
The enterprise potential for the institution of 100 bio-CNG plants is predicted to be over $200 million and this collaboration goals to generate over 73 million kg of bio-CNG each year.
Wabag is already producing greater than 40 MWh of inexperienced vitality via its varied put in plants.
“With this collaboration, we are taking the next step in our green energy segment to produce cleaner and greener fuel and to support the country’s vision of Atmanirbhar Bharat,” stated Shailesh Kumar, CEO – India cluster.
