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The Chennai-based company bagged the project in partnership with Israel’s IDE Technologies from Chennai Metropolitan Water Supply and Sewerage Board.
VA Tech Wabag would set up the plant in Nemmeli around 35 km south of Chennai on 40 acres of land on ECR allotted by the government.
The plant would convert seawater into fresh potable water, which would be supplied to the southern suburbs of Chennai, including the entire stretch of IT Corridor.
“The project will have a capacity of 10 crore litres a day and the plant will be constructed on design, build and operate basis and use the reverse osmosis (RO) technology,” Rajiv Mittal, managing director of VA Tech Wabag, said.
With this project, the firm has taken its order book to over Rs 3,000 crore. The company’s focus areas include treatment of drinking water, industrial water, industrial waste water, municipal waste water, besides desalination of sea water. Wabag has so far commissioned 6,000 plants in these segments.
The construction of the plant would take two years and the outlay would be Rs 533 crore, which would be funded by the central government, while Wabag would operate and maintain the plant for seven years at a cost of Rs 500 crore. The latter would be funded by Chennai Metro.
Mittal noted that the work for the plant would start within a month and the joint venture with IDE Technologies is in the ratio of 70:30.
VA Tech Wabag has German and Austrian roots, but its Indian operations were bought over by a set of professionals with the backing of ICICI Ventures, which latter acquired the parent company, translating it into an India-based MNC. Besides India, the company has presence in Europe, Africa and West Asia. The company’s current management team owns 38 per cent, while ICICI Ventures and other private equity players own 31 per cent each.
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