Hanjer Biotech
Energies (“Hanjer”), a waste recycling and resource recovery company having
a unique technology to process mix municipal solid waste , has been granted a
loan facility of USD 40 million - USD 20 million each by DEG –
Deutsche Investitions- und Entwicklungsgesellschaft mbH (the German
investment and development company), a subsidiary of KfW, and PROPARCO, the
subsidiary of the French Development Agency - as a part of total debt facility
amount of INR 2,908 million, which has been underwritten and solely arranged by
YES Bank Ltd.
Under a tripartite agreement between Hanjer and the
two European Development Finance
Institutions, DEG and PROPARCO, the 8.5 year loan amount will be utilized
towards setting up multiple MSW (Municipal Solid Waste) processing plants
totalling 5,000 TPD (tonnes per day) capacity wherein Hanjer will implement
international environmental and social standards. Currently, Hanjer has 24
operating facilities across 19 cities in India
Dr.
Irfan Furniturewala, Promoter, Hanjer Biotech Energies, said, “Urban infrastructure is a key sector for
lending by developmental financial institutions such as DEG and PROPARCO. Waste
Management and recycling is a critical activity across the world especially in
urban India, which generates around 75,000TPD. Hanjer’s proven technology as
well as 8 years of track record in the industry is a significant asset to
India’s development. The additional 5,000 TPD processing facilities will enable
city municipalities to process mixed municipal solid waste in a scientific and
environmentally friendly manner.”
“India faces major challenges in dealing with
the increasing amount of MSW. PROPARCO and DEG are proud to support the
expansion of a major player in the Indian MSW processing industry. Hanjer is
pioneer in the use of innovative technology offering a multi-recycling product
solution”, says Armin Albert, director of DEG’s representative office in India Germany and India 2011-2012:
Infinite Opportunities”, a programme series celebrating 60 years of diplomatic
relations. With a thematic focus on “StadtRäume – CitySpaces”, this
programme series across India broaches the
implications of rapid urbanisation and challenges posed by the pace of change
in German and Indian cities”
adds Armin Albert.
“Climate change is at the heart of PROPARCO’s
strategy in emerging countries. This operation will have significant impact on
reducing the volumes of landfilled MSW and on enhancing the lndian waste
management situation. It will make an important contribution to reduce
greenhouse gas emissions and to avoid water contamination around municipal
landfills” explains Marie-Hélène Loison, Deputy CEO of PROPARCO.
The
World Bank estimates that India ’s per capita
waste generated in urban areas will grow from 0.2 – 0.6 kg
to 1 kg per head per day by 2030. With growing
quantum of waste, an increasing space crunch, combined with health implications
and environmental norms getting more stringent, Hanjer’s proven technology for
scientific processing and treatment of MSW and subsequent conversion into
Bio-Compost, Green Fuel, Sand and recycled Plastic, is seen as a significant
asset not just for India, but for other nations too. The 8.5 year term loan
sanction to Hanjer, has been made by DEG and PROPARCO after a thorough audit of
the Company’s current processes and compliance on environmental and social
standards.
Through
its innovative recycling and green resource recovery model, Hanjer helps
municipalities reduce landfills by 80 per cent, thereby making a huge positive
difference to the environment and lowering the risk of disease proliferation.
Today, Hanjer is being approached by several developed and developing nations
to help them manage and process their mixed municipal solid waste more
efficiently.
About Hanjer Biotech Energies
Incorporated in 2003, Hanjer Biotech Energies (“Hanjer”) is a
innovative waste recycling and resource recovery company having a unique
technology and 8 years of track record in scientific processing and treatment
of mix municipal solid waste and subsequent conversion into Bio-Compost, Green
Fuel, Sand and Plastic. Driven by the singular objective to effectively
‘Recycle, Reuse and Reduce’, Hanjer helps municipalities minimize landfills by
upto 80 percent and reduce environmental impact, with no additional cost to the
city bodies. With 24 operational plants having ISO 9001:2008, ISO 14001:2004 and
OSHAS 18001:2007 certifications, Hanjer presently works with 15 municipalities
in India and 6 more plants in 4 cities with an additional processing capacity
are in implementation stage. Hanjer’s plant in Jalgaon, Maharashtra
was inaugurated by the President of India, Hon. Smt. Pratibhatai Patil in 2010.
Hanjer’s facility at Rajkot has been projected
as ‘Model Project’ by JNNURM. Similarly the Mira-Bhayendar plant has been
described as the most modern plant of its nature in Maharashtra, by an expert
committee appointed by the Chief Minister.
Hanjer has created ‘Trash Bash’, an owned, community awareness
program to engage with citizens through events hosted in Hanjer cities and
celebrate waste as positive resource. Trash Bash seeks to increase awareness on
better and more responsible handling of waste and educate audiences on the long
term benefits to environment and quality of life, if waste is disposed in the
right manner.
About DEG
DEG
– Deutsche Investitions- und Entwicklungsgesellschaft mbH(the German
investment and development company), a subsidiary of KfW, is one of the largest
European development finance institutions for long-term project and company
financing. For 50 years, DEG has been financing and structuring the investments
of private companies in developing and transition countries. By promoting
private sector development, DEG contributes to the creation of jobs and income
and to better living conditions in the partner countries.
About PROPARCO
PROPARCO
is a Development Finance Institution jointly held by the Agence Française de
Développement (AFD) and public and private shareholders from the North and
South. Its mission is to catalyze private investment in emerging and developing
countries with the aim of supporting growth and sustainable development. PROPARCO
finances investments that are economically viable, socially equitable,
environmentally sustainable and financially profitable. PROPARCO is among the
world’s leading bilateral development finance institutions. It invests on four
continents encompassing the major emerging countries and the poorest countries,
particularly in Africa , and has a high level
of requirements in terms of social and environmental responsibility.
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