Mayor Pushyamitra Bhargava arrived in NH to get green bonds listed – Photo: amar ujala digital Expansion Indore Municipal Corporation, which has established itself as a brand of cleanliness in the country, has accelerated the process of issuing green bonds. The Municipal Corporation is going to issue green bonds for the solar power plant. Through bonds, a solar power plant will be installed at Jalud water plant at a cost of 415 crore. The pumps of the plant will run with the solar power generated from this and Narmada water will be transported to Indore by crossing the mountains. Right now, for this work, a huge electricity bill has to be paid every month. Indore Mayor Pushya Mitra Bhargava reached Mumbai before the listing of green bonds. He met with investors and invited them to buy green bonds. The mayor also did a roadshow in Mumbai. A meeting will also be held in Indore for green bonds and a road show will be done. 233 Green Bonds of Indore Municipal Corporation in the National Stock Exchange on February will be listed. Every year crore
Now every year 233 to deliver water from Narmada to Indore. The Municipal Corporation has to pay the electricity bill of crores of rupees. A solar power plant will be set up in Jalud with the amount of green bond and water pumps of Jalud will run with the electricity generated from it. After Ghaziabad Indore Municipal Corporation is bringing green bond

Indore Municipal Corporation is the second urban body in the country, which will issue green bonds for any project. Earlier green bonds were issued in Ghaziabad, UP. Ghaziabad is the first municipal corporation in the country to issue Green Municipal Bonds in March 2021. He had collected crore rupees. Its interest rate was kept at 8.10 percent.
more than 8 percent interest will be received
1675696485 Common people will also be able to invest in the green bonds of Indore Municipal Corporation. The bond price for them will be 233 thousand rupees. The corporation expects that the municipal corporation can get 233 crores from the green bond. Those who buy it will get more than 8 percent interest. Interest will be paid in six months. Municipal Corporation will pay as per SEBI norms.

power consumption will be less
Municipal Corporation in Jalud Will set up a megawatt solar plant. The electricity that will be generated from this will reduce the electricity bill by Rs 4 crore per month. Now water has been brought to the city by covering a distance of 233 kilometers from the Narmada coast to Indore. goes. In order to reduce the consumption of electricity bill, two tunnels were also constructed in the third phase of Narmada. Everyday 2021 MLD water is brought to Indore in three phases. ,