Indore News: Indore Municipal Corporation Will Issue Green Bonds, Know What Will Be The Benefit To The Public

Mayor Pushya Mitra Bhargava – Photo: amar ujala digital Expansion The Municipal Corporation, which has kept Indore clean in the first place in the country for seven times in cleanliness, is going to make another innovation. The Municipal Corporation will issue green bonds for the solar power plant. Solar power plant will be built in Jalud at a cost of 500 crore. Water will be transported to Indore by crossing the mountains with the electricity generated from it. Mayor Pushyamitra Bhargava told that now every The Municipal Corporation has to pay Rs 150 crore in the form of electricity bill for the year to deliver water to Indore. Municipal Corporation will be the first urban body in the country to issue green bonds for any project. Common people will also be able to invest in this bond for the first time. The bond price for them will be thousand rupees. The corporation expects that the municipal corporation can get Rs 250 crore from the green bond. Those who buy it will get more than 8 percent interest. Which will be paid half yearly. Last week, Municipal Commissioner Pratibha Pal discussed with the representatives of merchant banks and legal consultants. The corporation will get permission from the Securities Exchange Board for the bonds by December. There will be a Pravasi Sammelan in the city in January. Then in the presence of Prime Minister Narendra Modi, the bell for the release of the bond will also be rung symbolically. The corporation 11 will set up a MW solar plant. The electricity that will be generated from this will cost Rs. There will be a reduction in electricity bill. At present, water is brought to Indore by covering a distance of 233 kilometer from Narmada coast to Indore. In order to reduce the consumption of electricity bill, two tunnels were also constructed in the third phase of Narmada. 500 MLD water is brought to Indore in three phases. Indore will be decorated on different themes 750 Mayor Pushyamitra Bhargava said that the Pravasi Sammelan of Indore Biggest event. The Municipal Corporation will decorate the streets and intersections of the city on different themes. For this, we will make the guests stay at the families of Indore as well. The old buildings of the city will be decorated with lights. Development works have started around the venue. Indore will become more beautiful than before the conference. The students here will be introduced to the overseas Indians. What can they contribute to the development of the city? Suggestions will also be taken from them regarding this.