Hanjer Biotech Energies gets USD 40 mn funding from European DFIs DEG and PROPARCO

HANJER BIO-TECH ENERGIES

Hanjer Biotech Energies gets USD 40 mn funding from European DFIs DEG and PROPARCO
Hanjer to set up more municipal solid waste processing plants

Mumbai, July 3, 2012: 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, with an existing capacity of 9,100 TPD. Another 2,200 TPD capacity expansion is under implementation plus additional 3,000 TPD, at the bidding stage.
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. “The DEG signing took place within the framework of “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.

www.proparco.fr

For further information, please contact:

Laliitha Aiyer, Adfactors PR - 9819023010 laliitha.aiyer@adfactorspr.com
Sonali Pandey, Adfactors PR – 9619689679 sonali.pandey@adfactorspr.com

Hanjer Bio-Tech Energies, a waste recycling and resource recovery company, has got a loan facility of USD 40 million from two European development finance institutions. According to Dr. Irfan Furniturewala, Promoter, Hanjer Biotech Energies, Urban infrastructure is a key sector for lending by developmental financial institutions such as DEG and PROPARCO.

Adfactors PR, Kamala Mills Compund, Lower Parel (West) Mumbai, Maharashtra, 400 013. India

This release was published on openPR.