IVRCL Assets and Holdings (formerly IVR Prime Urban Developers), the real estate subsidiary of IVRCL Infrastructures and Projects, is contemplating to increase the existing capacity of the desalination plant at Minjur near North Chennai to 120 million litres from the present 100 million litres a day, company Managing Director S. Ramachandran said here on Saturday.
Addressing a press conference, Mr. Ramachandran said the Rs. 600-crore plant was established in July by the Chennai Water Desalination Ltd. (CWDL), a joint venture of IVRCL Assets and Befesa India, a subsidiary of Befesa of Spain. He said the CWDL had implemented the project on a design, build, own, operate and transfer basis for Metrowater, the public sector water utility responsible for the city's drinking water supply and sewage infrastructure.
The company had a 25-year bulk water purchase agreement with Metrowater to supply 100 million litres a day of potable water at Rs.48.74 a kilolitre.
The desalination plant would take in 238 mld of seawater and convert it into potable water using reverse osmosis technology.
Meanwhile, IVRCL Assets has now come out with a 700-acre township project Aavisa. The project would be the first private golf centric community located in Sriperumbudur near Chennai.
G. Nagrajan, Vice President (Real Estate & Marketing) IVRCL A&H, said the total investment in this project was Rs.400 crore.
