River Ganga Restoration and

Conservation

UK India Sustainable Investment Forum

London
November 2019
Ganga River Basin
• River Ganga – c 2500 kms

• Basin: 907,000 sq. km

• Covers 26% of India’s landmass

and 11 States

• Making fertile 57% of India’s

agricultural land

• Population coverage is 45% of

India – c600mn

• Transboundary river

• Needs USD 100bn capital spend

• 20 year plan

• All major climate and

environment issues related to
water – floods, contamination,
water scarcity, water misuse,
dams, draughts etc ©CGanga
 Government

Ministry of Jal Shakti

• Over USD 4bn committed
(Water Empowerment)
• Additional global commitments from
World Bank, GIZ, JICA, ADB etc
National Mission for Clean Ganga
(NMCG)
> Regulatory Authority
> Project Executive Body

Centre for Ganga River Basin Management & Studies

National Water Mission (cGanga)
And other departments > Think Tank
> Innovation Hub
> Ganga Knowledge Centre
> Master Plan Developer
©CGanga
 What does River Cleaning entail?

Nirmal Dhara Balance Aviral Dhara

(clean river) Together we (continuous river)
Our focus thus far has largely will achieve We need to complement it
been on STPs as a non-regret the vision of with Aviralta focused
Action for Nirmalta of the Jal Shakti initiatives
River

Concern
• Non-alignment with long term objective
• Sub-optimal delivery of value for efforts/investment
• Location, capacity and degree of treatment ?
5x Grand Challenges
1. Water Rights, Value & Pricing
2. Knowledge
3. Technology Transfer
4. Access to Finance
5. Communities
Challenge 2: Knowledge
Solution: Ganga Knowledge Centre
01 Data & Information Hub
The Ganga Knowledge Centre
is being established to remove
all data related constraints and
enable the implementation of
“Evidence Based Policy
Making”
• Central Data Repository
• Harmonisation of Data
• Meta-Data Framework
• Decision Support Systems
02 Impact Projects 03 Centres of Excellence
To demonstrate river restoration A number of centres of
and conservation using global excellence are being established
best practices through impact in order to collate global best
projects practices and implement
• Najafgarh drain, Delhi through novel approaches
• Assi river, Varanasi
• Sisamau drain, Kanpur • Circular Economy
• Jojri river, Jodhpur • Water Finance
• Kahn river, Indore
© cGanga|NMCG 7
GKC: Data Impact Masterplan
A. Data Sources B. Data Storage & Modelling C. Analytics

Potential of hydropower
Hydro generation, sites,
Satellite
power conflicts, trade-offs

Drones Irrigation
Agri & demand/supply, tracking
Water over-extraction

In-situ sensors
Core water supply
Water
systems / management
Supply
Handheld Sensors and rights
and devices

Flood/Landslides/Disaster
Global Innovation Partners Flood Management and Warning
Ground surveys Warning
Systems

Source: CGanga
Space
Alchemy “River Smarts”

Flow Industry

Alchemy
Artificial
Biology Economic
Intelligence
What’s Happening & Why
What Will Happen
Weather Demographic What “IF” Scenarios
Challenge 3: Technology Transfer
Solution: Environment Technology Verification (ETV)
01 Introduction 03
cGanga and NMCG designed and launched the
ETV process to streamline and accelerate the
introduction of innovative technologies to be
introduced into the Ganga River Basin.
02 The Need
Water sector has seen tremendous innovation 04
worldwide. Introducing innovation into the
programme can help accelerate projects faster,
reduce costs and provide much needed
economic growth. ETV provides a single window
access to solution providers to bring their
innovation to market.
Environment Technology Verification (ETV)
Approach
The ETV process does not deliver a pass/ fail result
but instead takes a developmental approach and
supports technology applicants in the entire
process. This helps in increasing the success rate of
technology deployment in the country.
Current Status
• Over 300 technologies assessed
• Over 25 national and international roadshows
• Around 30 technologies shortlisted initially
• 15 invited to join the ETV programme
© cGanga|NMCG 11
ETV Eco-system Support
1. Indian Strategic Partners
The ETV Programme supports
applicants to partner with
established Indian companies that
can help in bringing their solution
to Indian market.
See ETV Acceleration Process.
2. Make in India
The programme strategically links
into Government of India’s flagship
“Make in India” initiative that helps
companies to establish their
manufacturing and assembly lines
in India.
Environment Technology Verification (ETV)
3. Start-up India
The ETV programme attaches a
start-up team to every technology
that enters into the process. This
gives new entrepreneurs a platform
to launch novel ideas and
innovations to market as well as a
team to work with in India for the
ETV applicant.
© cGanga|NMCG
4. Investor Network
Qualified and successful ETV
applicants can tap into financing for
the pilot/demonstration projects
from select partner funds. See ETV
Funding.
12
ETV Funding and Commercial Framework
•Applicant is able to Project Cost Re-imbursed back by the
Self finance the
demonstration project
Government

ETV Funded through their own

resources
ETV Applicants Panel
Acceptance Project converted into a service
• Applicant requires contract – cost recovery through
Seek external funding to
finance the
operations over a number of years
Funding demonstration project

Project is self-sustaining and as such

requires no additional financing support

Dedicated
VC Funds
Impact
Investors
Strategic
Investors

Environment Technology Verification (ETV) © cGanga|NMCG 13

 • Thousands of treatment
plants can be put alongside
drains in weeks

• Coexist with larger

infrastructure

• Saves on billions on
infrastructure costs and time

Decentralised Wastewater
Treatment
Sustainable Agriculture
 Challenge 4: Access to Finance

Water Innovation Fund

Solutions YieldCos and Ganga Bonds
Diaspora Impact Fund • Construction Equity
• Debt Finance
Capital Requirement

• Mezzanine / Bridge Loans

• Hire/Purchase
• Insurance

Solutions Solutions
• Seed capital • Strategic Investments & Buy-Outs
• Angel investment • Portfolio Expansion/ M&A
• Grant financing • Bonds – Green, Masala, Others
• P2P lending • IPO
• Crowd funding • Take-out Finance – REITS, INVITS, YIELD
> Blended Finance CO
> Construction Guarantees • Asset/Portfolio Refinance
and Insurance

Project Development Construction Portfolio / Expansion

Finance Finance Finance

Stage of Project 16
Water / Ganga Bond
• Ganga Bond will be the first water/river
focused bond out of India.

• Both INR and foreign currency

denominations

• International feeder

• Central Government Agency issued –

implicit backstop

• High on ESG ratings

India is poised to become a leading
• Inclusion in indices
issuer of green bonds
• Investment grade
17
Additional Financial Instruments
Instrument
1. Construction Period Guarantees
2. Topup/Shadow tariffs
3. First loss Credit Guarantee
4. Blockchain Measurement
5. Impact Assessment
6. Tokenisation
7. Diaspora bond
8. Fx swaps and derivatives
Details
Gives comfort to senior lenders during the construction period
Additional top-up tariffs to increase revenue quality of water treatment plants
For additional comfort to lenders that indemnifies portion of losses
To provide accurate and tamper-proof readings of all data measurements from
various water treatment points
Blockchain based project monitoring and evaluation technology
Allows investors to access smaller bit sized investable securities for underlying
projects
Taps into diaspora funds
Reduces hedging costs and provides long term hedges
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International Collaboration - Chapters
International Chapters Chapter 1: UK
Collates global expertise and channels Key Focus Areas:
interests to priority areas > Governance – PPP, Water Rights
> Finance – Project Finance, Trading Platforms,
Multi-Disciplinary Approach Bonds
Science, Innovation, Skills, Finance, > Modelling
> Technology and Business Model innovation
Governance, Operations > Hosted by a group of institutions and
individuals
Multi-Stakeholder Collaboration
Individuals, Institutions, Industry, Investors, Chapter 2: EU
Civil Society and Professional Services
Key Focus Areas:
> Multi-Country Collaboration
Global Collaboration > Technology Transfer
Not just bi-laterals but multi-country > Hosted by VITO (Brussels)
partnerships

Global Advisory Pool

Each chapter has established (or will) a
committee made up of experts who shal Other Chapters Under Development
contribute in developing best practices, > North America > Africa
innovative framework and be available as a > Gulf
sounding board to NMCG, CGanga and other > Asia 1 & 2 19
stakeholders > Australasia ©CGanga
> Latin America
Collaboration Model
Govt. of India

Government of Partner Memorandum of Collaboration

Nation

Programme Management Board

Innovation Agency or another Relevant Partner

Entity (ies)

Partner Nation Innovation Offering Indian Partner Ecosystem Impact Pilot Projects
20
©CGanga
How to Engage

Technology Projects / Contractors

> Present technology through ETV framework > Partner with Indian companies to bid
for pilot/demonstration projects for tendered projects
> If offering novel solutions then it must
be packaged as an “IMPACT PROJECT”
Data and Information
> Partner with Ganga Knowledge Centre
> Joint IP creation
Finance and Investments
> Technology Innovation Fund
Professional Expertise > Impact Projects Fund
Join one of the Task Forces at the various > Project Finance
centres of excellence > Water Bond
> Fintech Instruments
1. Circular Economy > Insurance and Guarantee Instruments
2. Data and Information
3. Water Finance (incl. PPP) 21
 Outreach and Events
FLAGSHIP EVENT

India Water Impact

Summit
5-7 December 2019
Vigyan Bhawan | New
Delhi

22
Outreach and Events

cGanga UK Chapter
Annual roadshows and events at the Indian High Commission

London
21/22 Nov 2019 [*tbc] 23
Contacts

mowr.gov.in

www.nmcg.in

www.cganga.org

sanmit.ahuja@cganga.org

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