Pune Municipal Corporation, IFC tie-up for STP project

28 Jun 2023 CW Team

The Pune Municipal Corporation (PMC) has signed an agreement with the International Finance Corporation (IFC) under which the civic body will borrow a loan to build more Sewage Treatment Plants (STPs) in the city. On behalf of the PMC, municipal commissioner Vikram Kumar signed an agreement with the IFC authorities.

On the occasion, Kumar said, “IFC would do a detailed study of the project and suggest how to borrow long term loan and what should be the interest rate for the same. PMC will accordingly plan to use these funds to establish new STP facilities.”

Recently 34 villages were merged into PMC limits and these areas did not have proper sewage management systems in place. Now, to cater facilities to these villages, the civic body plans to build the STPs, and the agreement will see the IFC act as an advisor for the Rs 1,000 crore project. Under the agreement, the IFC will survey sites across the city and will guide PMC to initiate the long-term project.

Meanwhile, for old city areas, PMC has already received funding from Japan International Corporation Agency (JICA) to carry out a river rejuvenation programme, under which the civic body is installing STPs for Peth areas.

Products

06 Oct 2025

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India. The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..