Technically required cookies
These cookies are mandatory for basic functions of the OeEB website.
In May 2022, OeEB signed a EUR 13.5 million credit line to Maheshtala Waste Water Management Private Limited, India. The credit line will be used to finance the construction of a 35 million litre per day wastewater treatment plant in the city of Maheshtala in the Indian state of West Bengal.
| Project name | Maheshtala Waste Water Management Private Limited |
| Region | Southern and Eastern Asia |
| Sector | Energy / Resource Efficiency / Infrastructure |
| Service | Investment finance |
| Project country | India |
| OeEB project volume | EUR 13.5 million |
| International climate finance according to UNFCCC | Partially |
| Additionality | Financial Additionality |
| Project partner(s) | Maheshtala Waste Water Management Private Limited |
The project is being implemented under the Government of India's "Namami Gange" (Clean Ganga) program and aims to eliminate the existing sewage problems in Maheshtala and the consequent pollution of the Ganges River. The concession contract for the project was signed in June 2021 between MWWMPL ("Concessionaire"), a subsidiary of Vishvaraj Environment Private Limited ("VEPL"), National Mission for Clean Ganga ("NMCG"), and Kolkata Metropolitan Development Authority ("KMDA") for a period of 15 years from the date of commissioning.
OeEB's funds are to be used to finance the construction of the new sewage treatment plant and the associated infrastructure in the Indian city of Maheshtala in order to prevent untreated sewage from being discharged into the Hugli/Ganges river.
By financing this project, OeEB is contributing to SDG 6 – 'Clean water and sanitation facilities' and SDG 13 – 'Climate protection measures'.