Vital Capital Environment has announced that together with its partners SNC and SPML, it has been awarded the Raichur Rural Water Distribution project by RDWSD, the State Government of Karnataka in India.
The project will be carried out in 2.5 years, followed by 5 years of O&M (Operations & Maintenance). This is estimated to be one of the largest projects of its kind in the country.
This important infrastructure is expected to create a real impact by creating and supplying 160 Million Litres per Day (MLD) of water to 1,406 villages in the district, benefiting more than 1.7 million people.
VCE officials say that they are grateful to the Government of Karnataka for prioritizing this significant project and trusting them to implement it. It intends to deliver the project with world-class standards.
VCE’s CEO and Co-founder Alon Yegnes and MD India Vidyavathsal A recently represented the company at the Global Water Summit 2022 (Madrid, May 16-18) in Spain. The purpose was to meet multiple water market players and to discuss possible mutual projects and investments.
Vital Capital Environment finances develop and execute sustainable, high-impact, large-scale projects with ticket sizes ranging from $30–$200 million. These include complex and financed EPC projects, Public-Private-Partnerships (PPP), and the management of portfolios. It was founded by Vital Capital Fund – one of the world’s leading impact investment private equity funds – as an independent environmentally oriented firm. Recognizing the environment as the central issue of our time, Vital Capital Environment is committed to developing and delivering sustainable, long-term solutions in water and wastewater treatment, desalination, water supply and distribution, irrigation, waste to energy, and renewable energy.
SPML Infra is a leading infrastructure development company in India with over four decades of experience, it has executed more than 650 projects. It provides drinking water facilities to more than 50 million Indian populations through various projects.