(The Gist of PIB) India’s first HAM project in sewerage sector  [DECEMBER-2019]

(The Gist of PIB)  India’s first HAM project in sewerage sector

India’s first HAM project in sewerage sector

• India’s first Hybrid Annuity (HAM) project in sewerage sector, the 14MLD Sewage Treatment Plant (STP) at Sarai in Haridwar, was inaugurated by Chief Minister of Uttarakhand.

Key highlights:

• The Sarai 14 MLD Sewage Treatment Plant is the first STP to be completed under the Hybrid Annuity (HAM) Based Public Private Partnership Model, involving a cost of Rs. 41.40 crores
• This Plant is based on advanced aerobic biological process, Sequential Batch Reactor (SBR) process, capable of removing the nutrients during treatment and is a 100% eco-friendly project.
• The vision of the National Mission for Clean Ganga (NMCG) is long term and hence the capability being created would fully take care of the requirements up to 2035.

Hybrid Annuity (HAM)

• In financial terminology hybrid annuity means that the government makes payment in a fixed amount for a considerable period and then in a variable amount in the remaining period.
• It is a mix of the EPC (engineering, procurement and construction) and BOT (build, operate, transfer) models.
• Advantage of HAM is that it gives enough liquidity to the developer and the financial risk is shared by the government. Government’s policy is that the HAM will be used in stalled projects where other models are not applicable.

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Courtesy: PIB