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The agreement aims to tap into the underutilized potential of sewage treatment plants for Bio-CNG production, a move in line with India's goals to reduce greenhouse gas emissions and curb methane pollution. WABAG, known for its water technology solutions, joins hands with PEAK, an Alternative Investment Fund focusing on climate-related sectors.
VA Tech Wabag With Peak: VA Tech Wabag Limited (WABAG) has signed an agreement with Peak Sustainability Ventures (Peak) to establish 100 Bio-CNG plants in India, GCC, Africa, and Europe. The collaboration aims to generate over 73 Million Kgs of Bio-CNG per annum, reducing the need for fossil fuels. Wabag will be responsible for execution, commissioning, and operation of the plants, while Peak will provide energy-related inputs and assist in raising capital.
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Kuehne+Nagel appoints David Roussiere as Managing Director for India, Sri Lanka and the Maldives
David has held several senior management positions within the company