JBM Group Forays into Waste to Energy Sector
Mumbai, September 26, 2017: JBM Group, India’s leading business conglomerate, today forayed into Waste to Energy sector with signing of Concession Agreement with Haryana Government to build and operate a 5 MW power plant in Sonepat that will treat 500 tonnes of municipal waste per day.
The projectwill be developed by JBM Environment Management Pvt. Ltd. at an investment ofRs 176 crore and will entail door to door collection of waste, itstransportation, construction & operation of the power plant. JBM Group hasroped in Europe’s leading company EKOLOG Ltd., which has more than 30 years’experience in operating integrated waste management systems in Europe and Asia.
The powerplant will be spread across 20 acres area in Sonepat for which the land hasbeen allotted by the state government. The project will help dispose of 500tonnes of solid waste per day generated from Sonepat cluster, which comprisesof Sonepat, Panipat, Samalkha and Gannaur.
Theconcession agreement was signed between JBM Group represented by Mr. Vinay Maheshwariand Directorate of Urban Local Bodies of Haryana by Mr. Nitin Kumar Yadav, IASin the presence of Haryana Chief Minister Shri Manohar Lal Khattar at HaryanaBhawan in New Delhi today.
Speaking atthe event, Haryana Chief Minister Shri Manohar Lal Khattar said, “TheHaryana Government is moving ahead on its objective of being a flag bearer ofthe Swachh Bharat Mission. We are looking at multiple areas like Waste toEnergy, Integrated Solid Waste Management, e-mobility, etc. where we can adoptenvironment-friendly technologies”.
PrincipalSecretary, Directorate of Urban Local Bodies of Haryana Shri. Anand Mohan Saran said, “SwachhBharat is our prime focus aiming towards creating a clean and green environmentfor the local residents and the state at large. This is one of many steps thatwe have undertaken in the august year of Swarn Jayanti of the Haryana statelaunched by our Hon’ble Chief Minister”.
JBM GroupExecutive Director Mr. Nishant Arya said, “Our focus has been to ensure sustainableand green environment for the society and country at large, therefore, all newbusinesses have been around the same whether you look at Electric Buses, SolarEnergy and now Waste to Energy. This is just the beginning as scalability ofsuch sustainable initiatives is a must for getting adequate benefits for thefuture generations”.