VA TECH WABAG Limited has secured a €78 million (approximately ₹700 crore) contract from Lusaka Water Supply and Sanitation Company in Zambia for designing, building, and operating two wastewater treatment plants. The order, announced on December 27, 2024, is funded by the European Investment Bank and Germany’s KfW.

The shares of VA TECH WABAG Limited were trading at ₹1,628 up by ₹42 or 2.65 per cent on the NSE today at 11.20 am.

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The project involves constructing two advanced wastewater treatment facilities: a 54 MLD plant and a 19 MLD plant in Ngwerere and Chunga, respectively. The contract includes a 36-month engineering, procurement, and construction phase, followed by 24 months of operation and maintenance services.

A notable feature of the project is its focus on sustainability, with the plants planned to operate primarily on green energy through a combination of biogas and solar power. This marks WABAG’s entry into the Zambian market, expanding its footprint in Africa.

The Chennai-based water technology company, which has operations in more than 25 countries, won the contract based on its technical expertise and competitive bid. According to Guhan Kandasamy, Head of Sales & Marketing (Africa) at WABAG, this project represents one of Zambia’s largest sanitation initiatives in recent decades and aligns with the Zambian government’s goals to enhance water infrastructure.