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JMC, Jindal Urban signs MoU to produce power from waste

Monday, 09 Dec 2024
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A memorandum of understanding (MoU) was signed between JMC Heritage Commissioner Arun Kumar Hasija and top officials of Jindal Urban Waste Management Company (JUWMC) at JMC-H headquarters on 06 December, 2024 for electricity production from waste in Jaipur.

Under this agreement, Jindal Group will invest approx. Rs 350 crore in the waste-to-energy project. A loan of Rs 192 crore will also be provided by Power Finance Corporation (PFCL) for this project. The project is expected to generate nearly Rs 20 lakh in revenue for the corporation every month.

The trial for the project will begin this month and the project will be fully operational by the end of this financial year. Jindal Group will pay JMC-H a royalty of Rs 66 per tonne of waste, which will create a steady revenue stream for the Corporation.

"After signing the MoU, the corporation will provide 1,000 tons of waste to the plant daily, and it will be collected through door-to-door waste collection and depots," said Hasija.

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