Modern Engineering and Projects Limited board of directors has approved the joint venture agreement with Aquatech Solutions Private Limited.

Aquatech and MEPL have executed a Joint Venture Agreement in the name and style of Aquatech - MEPL Nashik JV (in the form of AOP) for Joint development /execution of work of Design, Construction, Supply, Erection, Testing, Commissioning, Startup and Performance run of 3 Months followed up by Operation & Maintenance (O & M) of 60 Months for following work of The Nashik Municipal Corporation ("NMC"), Nashik:

* 11.5 MLD capacity Sewage Treatment Plant (STP) based on SBR Technology at Gangapur. (Lump sum Turnkey Basis)

* 29.5 MLD Tertiary Treatment Plant (TTP) including 18.0 MLD Existing & 11.5 MLD Proposed STP for reuse and recycle. (Lump sum Turnkey Basis)

* 1.65 MLD Treated water sump, Pump house and allied Electro-mechanical Works for Reuse and Recycle of Tertiary Treated STP Water Lump sum Turnkey Basis)

* Providing and laying Rising Main for Reuse of Tertiary Treated STP water and construction of 2 no'sof 0.5 ML ESR and Rising main and allied works for Reuse of tertiary treated STP water for reuse and recycle.

* Operation & Maintenance for the first three points above for 60 Months after Completion of work.