An ISO 9001:2008 Company
IFC – Summary of Proposed Investment :
| Overview | Sponsor/Cost/Location | Development Impact | Contacts | Attachments |
| Project description | ||||
| Vishwa Infrastructures and Services Pvt. Ltd. (“Vishwa” or “Company”) was founded in 1992 by a group of technocrats with a focus to execute infrastructure projects. Vishwa is recognised as a turnkey contractor involved in developing integrated water supply and waste water projects which include: Laying of water and waste water pipeline networks Construction of water and sewage treatment plants Construction of pumping stations Management of NRW Projects Construction of allied infrastructure including reservoirs, civil and electrical works projects |
| Vishwa has a team of about 600 employees with an experienced execution team with in-house design capabilities. It has successfully manufactured and laid pipelines with aggregate length of over 1000 kms for various water supply and waste water projects. It has constructed water treatment plants (WTPs) ranging from 6 MLD to 84 MLD, and sewage treatment plants (STPs) with capacities ranging from 6 MLD to 60 MLD. Vishwa was recently awarded two water/wastewater projects to be executed on a PPP basis: |
| Khandwa Project: The Khandwa water supply project is a public-private partnership between Khandwa Municipal Corporationl (KMC) and Vishwa, under the Urban Infrastructure Development Scheme for Small and Medium Towns (UIDSSMT). The project will commence supplying 29 million L/day (MLD) to Khandwa (population 240,000) for domestic consumption, increasing to 43 MLD by the end of the concession period (2034), meeting the current shortfall by almost doubling the volume of water currently supplied. Under this build-own-operate-transfer (BOOT) scheme Vishwa has a 25 year concession period (2 years construction, 23 years operation and maintenance). The project will pump water through an intake well on the Chhotitave River, a backwater of the Indira Sagar Reservoir, to the adjacent water treatment plant (WTP). The WTP (2.7 ha site) will treat water then pump it to Khandwa via a 50 km long 800 mm reinforced pipeline. The pipeline will discharge into a 1,222 m3 Ground Level Master Balancing Reservoir (GLMBR), from where it will be pumped to nine separate overhead tanks. Water will then be gravity fed to the township via a network of distribution pipelines. The project includes the laying of 60 km of poly distribution pipeline through the streets of Khandwa. Project construction commenced in 2010. |
Kolhapur Project: The Kolhapur STP is a long term public-private partnership concession between Kolhapur Municipal Corporation, Kolhapur, Maharashtra and Vishwa. The project will service apart from new STP of 7 area of Kolhapur and will have a sewage treatment capacity of 76 million L/day (MLD), the project involves construction of allied works such as new sewage pumping stations and new rising mains at Bapat Camp, Line Bazaar and Jayant Nallah, pipe laying for discharge into the Panchganga river and other miscellaneous civil works. Under this design, finance, construct, operate and maintenance scheme Vishwa has a 15 year concession period (2 years construction, 13 years operation and maintenance).
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| SPONSOR/COST/LOCATION> |
| Project sponsor and major shareholders of project company |
| Vishwa was founded in 1992 by Yerra Srinivas as a firm focused on construction related to water and water services. Over the years, it has transformed itself into an integrated water EPC player. Key Founders of the Company are Mr. Yerra Srinivas; Mr. M.L Sridhar Reddy; Mr. J. Vikram and Mr. K. Vijay Kumar. Founders together hold about 53.40% stake in the Company. Out of the balance 35.60% is held by Axis PE and 11% by NEA. |
| Total project cost and amount and nature of IFC's investment |
| The two Projects are expected to cost about $39 million out of which about $32 million will be funded through Central Government programs and the balance has to be funded through debt / equity. The proposed IFC investment is an A loan of about $5.5 million for IFC’s own account. |
| Location of project and description of site |
| Khandwa Project: The Khandwa water supply project is a public-private partnership between Khandwa Municipal Corporationl (KMC) and Vishwa, under the Urban Infrastructure Development Scheme for Small and Medium Towns (UIDSSMT) being implemented in Khandwa Town in Khandwa District. The project will pump water through an intake well on the Chhotitave River and pump it to Khandwa via a 50 km long 800 mm reinforced pipeline. It involves Ground Level Master Balancing Reservoir (GLMBR), Elevated Service Reservoirs and a network of distribution pipelines.
Kolhapur Project: The Kolhapur STP is a long term public-private partnership concession between Kolhapur Municipal Corporation, Kolhapur, Maharashtra and Vishwa and is located in Kolhapur Town, Maharashtra. The project comprises construction of a new STP with a sewage treatment capacity of 76 million L/day (MLD). It also involves construction pumping stations, and pipe laying for discharge into the Panchganga river. |
DEVELOPMENT IMPACT |
| Anticipated development impact of the project |
| a) Improve sanitation and better water services to about 450,000 people in two mid-tier towns in India b) Generate employment both during construction and operation c) Demonstration Effect- Successful execution of the Project will help provide push for further replication of PPP based water infrastructure creation in the country |
| IFC's expected development contribution |
| a) Provision of long term debt financing for a growing company b) Provide impetus for successful deployment of PPP based water projects across the country. |
| Environmental and social issues - Category B |
| The proposed investment in the Company and the Project is a Category B project because a limited number of specific environmental and social impacts may result, which can be avoided or mitigated by adhering to generally recognized performance standards, guidelines or design criteria. Potential impacts in construction activities besides being mitigable are likely to be limited to project site; short term; and likely to have limited impact on environmentally sensitive areas. Further, it is possible to readily design and implement engineering and management measures to mitigate adverse impacts during construction and operations. |
| The Company will manage its environmental and social performance in accordance with applicable local laws and egulations, including IFC’s Performance Standards on Social and Environmental Sustainability. Vishwa’s water and waste water projects deliver significant environmental and community health benefits. The Khandwa water supply project will provide a more reliable water supply in terms of both volume and quality, thereby reducing the incidence of waterborne disease. The Kolhapur STP will provide additional sewage treatment capacity, safely treating sanitary effluent that currently poses a major health hazard. Vishwa will formalize and ISO certify a Corporate EMS as part of the project. Further details on the potential environmental and social impacts, corresponding mitigation measures, and guidance on how and where information about the Project can be obtained are provided in the IFC Environmental and Social Review Summary (ESRS). |
CONTACTS |
| For inquiries about the project, contact : |
| Mr. Goverdhan Reddy, Vishwa Infrastructures & Services Pvt.Ltd. Corporate Office:1-11-256/C/24, Plot No.24 Gagan Vihar Colony, Begumpet,Hyderabad-16 e-mail: finance@vishwainfra.in |
| For inquiries and comments about IFC, contact: |
| General IFC Inquiries IFC Corporate Relations 2121 Pennsylvania Avenue, NW Washington DC 20433 Telephone: 202-473-3800 Fax: 202-974-4384 E Mail: Webmaster |
| Local access of project documentation |
| Mr. Goverdhan Reddy, Vishwa Infrastructures & Services Pvt.Ltd. Corporate Office:1-11-256/C/24, Plot No.24 Gagan Vihar Colony, Begumpet,Hyderabad-16 e-mail: finance@vishwainfra.in |
| Amarnath Suraparaju Vishwa Infrastructures and Services Assistant General Manager – Human Resources 1-11-256/C/24, Plot No. 24, Gagan Vihar Colony, Begumpet, Hyderabad - 500 016 India Tel: +91 40 2776 3835 / 36 / 37 Fax: +91 +91 40 27763082 Email: amar@Vishwahwainfra.in |
KOLHAPUR |
| KHANDWA Mr.Praveen Kumar Vishwa Utilities Pvt Ltd Plot No.16, Chandra Nagar Colony,Near Stadium, Khandwa, Khandwa District,Madhya Pradesh - 450 001. (Telefax) : 07332227399 (M) : 0 9425927791 E-mail id : praveen-projects@vishwainfra.in |
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