Jaipur Municipal Corporation: Jmc-g Set To Finalise Plan For Issuing Green Bonds This Mth | Jaipur News

Jaipur: The Jaipur Municipal Corporation (JMC) Greater administration is in the process of finalising the plan for issuing green bonds as approved by the municipal corporation’s board in May, said officials on Tuesday. Officials said that the administration is likely to bring onboard a third-party company for issuing and managing green bonds that will be issued for the Delawas sewage treatment plant (STP) developed by the civic body. Around Rs 230 crore have been spent on the STP where residents can invest money in the form of bonds. Under this project, after treating the sewerage, electricity will be generated through re-use, biogas and solar plants. The income generated from this will be distributed among the investors. Around 23,000 normal cubic metres of biogas can be produced daily at these STPs, said officials. Out of this, 6,500 normal cubic metres of gas will be given to a company and electricity will be generated from the remaining gas. Somya Gurjar, mayor JMC-Greater said, “We have had three to four meetings for finalising the plan and issuance of green bonds by the end of this month. The upgradation work of Delawas STP has already been completed and now has a capacity of treating 210 million litres a day (MLD) water, increased from 150 MLD water.”