VA Tech Wabag (WABAG) has inked an agreement with Peak Sustainability Ventures (PEAK) to set up 100 bio-CNG plants in India, Africa, Europe, and the GCC. The plants will use methane generated from sewage treatment facilities, which would otherwise result in higher emissions and pollution.

The company signed a memorandum of understanding (MoU) with Sustainability Ventures to establish 100 Bio-CNG plants at sewage treatment plants (STPs) in India and other agreed-upon locations. The partnership seeks to harness the unutilised potential of STPs as well as generate bio-CNG, which can be used for mobility applications in trucks and heavy-duty vehicles, along with industrial applications, thereby reducing the need for fossil fuels.

The estimated cost to establish 100 bio-CNG plants is approx. 200 million, and this collaboration intends to generate over 73 million kgs of bio-CNG annually. Further, this will boost the local and agrarian economies and will also result in employment opportunities. With this collaboration, WABAG is taking the next step in its green energy segment to produce cleaner and greener fuel and to support the country’s vision of 'Atmanirbhar Bharat'.

WABAG will play the role of a technology partner and will be responsible for the execution, commissioning and operation & maintenance (O&M) of the bio-CNG plants. Meanwhile, PEAK would provide inputs in energy-related areas and assist in raising capital for financing projects at scale.

WABAG has already implemented around 40 large biogas generation facilities in its various projects globally. PEAK manages an Alternative Investment Fund (AIF) which invests across four verticals- new energy (renewables, energy storage, waste-to-energy, hydrogen etc.), food systems, water and other climate-related sectors.