VA TECH WABAG (‘WABAG’), a leading Indian multinational in water technology, has signed a non-binding term sheet to establish a dedicated platform (‘Municipal Platform’) for capital projects in the municipal sector. The platform aims to invest up to USD 100 million over the next 3 to 5 years, supporting infrastructure development and sustainable water management.
In collaboration with an investor consortium, including Norfund and two other international investors, the Municipal Platform will bring together strategic financial backing. Norfund, the Norwegian government’s investment fund, is committed to fostering sustainable development, making it a key partner in this initiative.
WABAG will serve as the Technical Partner, delivering Engineering, Procurement, and Construction (EPC) as well as Operations and Maintenance (O&M) services. The company will also make a minority investment in the platform, aligning with its asset-light strategy while leveraging its expertise in water infrastructure.
This initiative reflects WABAG’s commitment to addressing the growing need for advanced water treatment solutions. By combining strengths with its partners, the platform will drive transformative projects, support economic growth, and enhance municipal water management. Further updates will be provided as progress is made toward final agreements.