Rekha Jhunjhunwala-Backed Wastewater Treatment Company Announces Bio-CNG Project in Ghaziabad Under Waste-to-Energy Initiative

The Indian equity markets ended marginally higher on Wednesday, with the benchmark Nifty 50 index closing up 0.14 per cent at 23,412.60. Positive sentiment in broader markets supported stock-specific action across infrastructure and sustainability-focused companies. In this segment, shares of VA Tech WABAG remained in focus after the company announced development of its first Bio-CNG project in Uttar Pradesh under its waste-to-energy initiative. On Wednesday, WABAG share price ended 0.23 per cent higher at Rs 1,377.90.

WABAG Announces First Bio-CNG Project in Ghaziabad

VA Tech WABAG and PEAK Sustainability Ventures announced development of their first Bio-CNG plant in Ghaziabad, Uttar Pradesh. The project marks the first milestone under their waste-to-energy initiative announced in January 2024, with a shared vision to establish 100 Bio-CNG plants at sewage treatment facilities across India and other markets.

The Bio-CNG plant will be developed at the 70 MLD Sewage Treatment Plant (STP) in Dundaheda, Ghaziabad under a Build-Operate-Transfer (BOT) model on a Public-Private Partnership basis. The project will be executed through a newly incorporated special purpose vehicle, Ghaziabad Bioenergy Private Limited, formed jointly by WABAG and PEAK.

According to the company, the plant will capture raw biogas generated at the sewage treatment facility and convert it into renewable Bio-CNG fuel for mobility and industrial applications. The project is expected to reduce around 250,000 metric tons of carbon emissions over its lifetime, while commercial operations are expected to commence within one year.

The company further stated that WABAG will lead project execution and undertake operations and maintenance for a period of 15 years. PEAK will provide strategic inputs, technology insights and support in raising capital from climate-focused investors.

Management Commentary

Commenting on the Project, Mr. Shailesh Kumar, CEO – India Cluster, WABAG, said that securing this repeat order from an existing client, Ghaziabad Nagar Nigam (GNN), reflects WABAG’s strong operational excellence and consistent execution capabilities. We thank GNN for their continued confidence and trust in WABAG. He emphasized that the Company’s focus is to create greater value for its clients by leveraging its technical expertise during both execution and operations. He also praised the visionary leadership of Ghaziabad Nagar Nigam (GNN) for pioneering this innovative initiative to convert wastewater into clean energy and revenue.

Mr. Samir Shah, Managing Partner, PEAK, added, “This partnership between PEAK and WABAG aims to accelerate India’s energy transition by converting methane generated by waste water plants into a clean fuel - CBG. This important initiative strengthens energy security, reduces air pollution, and showcases financially viable climate solutions for India and global markets, leading to a clean energy future.”

About VA Tech WABAG

VA Tech WABAG Ltd is a water technology company engaged in design, engineering, Construction and operation of water treatment and wastewater management projects across municipal and industrial sectors. The company operates across India, Middle East, Africa and other international markets.

WABAG specialises in desalination, sewage treatment, water reuse and waste-to-energy solutions and has executed multiple large-scale water infrastructure projects globally. Ace Investor Rekha Jhunjhunwala held 8.02 per cent stake in VA Tech WABAG as of the March 2026 quarter, as per the latest shareholding pattern filed by the company.

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Disclaimer: This article is for informational purposes only and not investment advice