Triveni Engineering Incorporates SPV For STP Project
Triveni Engineering & Industries Limited incorporate a wholly owned subsidiary (WOS) with the name Mathura Wastewater Management Private Limited (MWMPL) under the Companies Act, 2013 as a Special Purpose Vehicle (SPV) for implementation of a project/order for about Rs. 438 crores awarded by the Yamuna Pollution Control Unit, U.P. Jal Nigam, Agra (UPJN) to the company for “Development of Sewage Treatment Plants and Associated Infrastructure on Hybrid Annuity PPP Basis at Mathura, Uttar Pradesh” under the Namami Gange Programme.
In terms of the Letter of Award (LOA) issued by the UPJN, a Concession Agreement has been executed and signed amongst MWMPL, UPJN and the National Mission for Clean Ganga on 13th June, 2018 at New Delhi in the august presence of Shri Nitin Jairam Gadkari, Union Minister of Water Resources, River Development & Gungu Rejuvenation and Road Transport & Highways and Shipping.