VA Tech Wabag Limited has informed the Exchange regarding a press release dated May 13, 2026, titled "WABAG and PEAK Announce First Bio-CNG Project in Ghaziabad".
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VA Tech Wabag (WABAG) and PEAK Sustainability Ventures have announced their first Bio-CNG plant at the 70 MLD Sewage Treatment Plant in Dundahera, Ghaziabad, Uttar Pradesh. The plant will capture biogas from wastewater and upgrade it into renewable Bio-CNG fuel for mobility and industrial use. It will be executed through a jointly incorporated SPV called Ghaziabad Bioenergy Private Limited under a Build-Operate-Transfer (BOT) model on PPP basis with the Ghaziabad Nagar Nigam. WABAG will handle execution and 15-year operations and maintenance. Commercial operations are targeted within one year. The project is estimated to cut approximately 250,000 metric tons of carbon emissions over its lifetime and aligns with WABAG's broader goal to establish 100 Bio-CNG plants at sewage treatment facilities across India.
The project strengthens WABAG's green and sustainable revenue stream while expanding into the circular economy space. It demonstrates execution capabilities through a repeat order from an existing client, with long-term O&M visibility over 15 years, positioning the stock positively in the ESG and clean energy theme.