WABAG and PEAK Announce First Bio-CNG Project in Ghaziabad

VA TECH WABAG LIMITED ("WABAG") and PEAK Sustainability Ventures ("PEAK") are pleased to announce the development of their first Bio-CNG plant in Ghaziabad, Uttar Pradesh. This Project marks the first milestone under their waste-to-energy initiative announced on January 29, 2024, with a shared vision to establish 100 Bio-CNG plants at sewage treatment facilities across India and other markets.

The Bio-CNG Plant will be developed at the 70 MLD Sewage Treatment Plant (STP) in Dundaheda, Ghaziabad, under a Build-Operate-Transfer (BOT) model on a PublicPrivate Partnership basis. The Project will be executed through a newly incorporated special purpose vehicle, GHAZIABAD BIOENERGY PRIVATE LIMITED, formed jointly by WABAG and PEAK.

The Plant will capture raw biogas generated at the STP, preventing methane emissions into the atmosphere, and upgrade it into high-quality renewable Bio-CNG fuel. This clean fuel will replace conventional fossil fuels in mobility and industrial applications. By converting an environmental liability into a valuable energy resource, the Project demonstrates a circular, scalable and transformational pathway for India's energy transition. This initiative also represents a small but meaningful step toward easing global LNG/CNG supply chain pressures by creating a reliable, locally produced renewable gas alternative.

The initiative is expected to deliver significant environmental and socio-economic benefits. Methane has nearly 28 times higher Global Warming Potential than carbon dioxide, and preventing its release will substantially reduce greenhouse gas emissions. Over the life of the Project, it is estimated to reduce approximately 250,000 metric tons of carbon emissions. Commercial operations are expected to commence within one year.

In addition to reducing emissions, the Project will improve air quality and generate employment for the local community. The Company will pay a reverse tipping fee to the Ghaziabad Nagar Nigam for purchasing the biogas. All major equipment will be sourced domestically, supporting the Government of India's vision of Atmanirbhar Bharat.

WABAG will lead Project execution and undertake operations and maintenance for a 15-year period. In addition to investing in the project, PEAK will provide strategic inputs, global energy technology insights, and support in raising capital from climatefocused investors to accelerate scaling of the waste-to-energy initiative. Through this Project, WABAG will generate green and clean fuel, significantly reduce emissions, and unlock revenue opportunities for the client.

The initiative aligns with key global sustainability goals, including SDG 7 (Affordable and Clean Energy), SDG 3 (Good Health and Well-being), SDG 12 (Responsible Consumption and Production), and SDG 13 (Climate Action), reinforcing India's commitment to clean, affordable, and scalable energy solutions.

Commenting on the Project, Mr. Shailesh Kumar, CEO - India Cluster, WABAG, said that securing this repeat order from an existing client, Ghaziabad Nagar Nigam (GNN), reflects WABAG's strong operational excellence and consistent execution capabilities. We thank GNN for their continued confidence and trust in WABAG. He emphasized that the Company's focus is to create greater value for its clients by leveraging its technical expertise during both execution and operations. He also praised the visionary leadership of Ghaziabad Nagar Nigam (GNN) for pioneering this innovative initiative to convert wastewater into clean energy and revenue.

Mr. Samir Shah, Managing Partner, PEAK, added, "This partnership between PEAK and WABAG aims to accelerate India's energy transition by converting methane generated by waste water plants into a clean fuel - CBG. This important initiative strengthens energy security, reduces air pollution, and showcases financially viable climate solutions for India and global markets, leading to a clean energy future."

Shares of VA Tech Wabag Limited was last trading in BSE at Rs. 1378.15 as compared to the previous close of Rs. 1374.65. The total number of shares traded during the day was 7737 in over 739 trades.

The stock hit an intraday high of Rs. 1394.75 and intraday low of 1355.00. The net turnover during the day was Rs. 10648346.00.

Source : Equity Bulls

Keywords

VATechWabag INE956G01038 PEAKSustainabilityVentures BioCNGProject Ghaziabad