You are here: Home » PTI Stories » National » News
Business Standard

PFC enters Waste-to-Energy' segment, lends Rs 290 cr to Bawana proj project

Press Trust of India  |  New Delhi 

State-run today announced foray into funding (WTE) projects by lending Rs 290 crore to the project in

The country's largest WTE project of 24 MW is being operated by Ramky Group, a PFC statement said.

The company said that with this it has forayed into the WTE segment.

This plant was commissioned in 2017 and is the third WTE plant of It is part of a 2000 TPD (tonne per day) Integrated Municipal Solid Waste Management System which includes door to door collection, segregation and of municipal waste from North Delhi, its and disposal.

This plant alone handles about 20 per cent Delhi's Municipal Solid Waste. After the waste reaches the processing plant, compost is prepared from the organic portion and after processing, the remaining waste is combusted in the WTE boiler to produce electricity, which is sold through Power Purchase Agreements (PPAs) to DISCOMs.

The plant has a unique revenue model with tipping fee being paid by North Municipal Corporation for garbage collection, along with revenue from sale of power and compost.

Such WTE projects will avoid dumping of waste at new sites since the three major dump sites in Bhalswa, Okhla and Ghazipur have already exceeded their capacity. WTE plants will be a key facet of Government of since they lead to the most scientific disposal of waste, it added.

The PFC is the with a loan book of over Rs 2.50 lakh crore and funds all kinds of power projects including renewables and private transmission projects.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, April 16 2018. 14:35 IST
RECOMMENDED FOR YOU