VA TECH WABAG LIMITED has finalized a Shareholders Agreement with PEAK Sustainability Venture Fund I and PEAK Sustainability Partners LLP to advance the Compressed Bio-Gas (CBG) project in Dundaheda, Ghaziabad. This joint venture, operating through the entity GHAZIABAD BIOENERGY PRIVATE LIMITED, utilizes a Build-Operate-Transfer (BOT) model to drive sustainable energy solutions. Both partners have committed to an economic interest of up to 50% each in the special purpose vehicle.
Advancing Sustainable Energy Infrastructure
On April 09, 2026, VA TECH WABAG LIMITED formalized its partnership for the development of a Compressed Bio-Gas (CBG) facility. The project, located in Dundaheda, Ghaziabad, Uttar Pradesh, is being executed under a Build-Operate-Transfer (BOT) framework, reflecting the company’s commitment to large-scale sustainable infrastructure.
JV Structure and Governance
The joint venture entity, GHAZIABAD BIOENERGY PRIVATE LIMITED, has been established with an initial shareholding structure. VA TECH WABAG LIMITED holds 5,100 equity shares, while PEAK Sustainability Partners LLP holds 4,900 equity shares, each with a face value of INR 10. The agreement ensures balanced governance, with both parties maintaining an equal proportion of Nominee Directors on the board to oversee management and operations.
Long-term Commitment
The agreement includes a lock-in period of 3 years for existing shareholders to ensure project stability. Both VA TECH WABAG and PEAK have agreed to invest in the project with an economic interest of up to 50% each, signaling a strong collaborative approach to project execution and long-term operational success in the renewable energy sector.
Source: BSE
