BPCL to provide funding for Brahmapuram WtE project

As was reported by The New Indian Express, state-owned oil company Bharat Petroleum Corporation Ltd (BPCL) was said to have signed an agreement with the Kochi Municipal Corporation (KMC) to provide a Viability Gap Fund (VGF) of INR 250 million (USD 3.7 million) for KMC’s Brahmapuram WtE project. A VGF is a one-time or deferred grant for infrastructure projects facing problems to secure financing. According to earlier sources, company GJ Nature Care Consortium will be responsible for setting up the 8 MW facility, which is stated to also include an RDF production unit. Treatment capacity and total project costs were said to amount to around 100,000 tpy and INR 2.95 billion (USD 44 million).

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