Four algal strains namely C. saccharophila UTEX 2911, C. pseudococcum UTEX 214, Scenedesmus sp UTEX1589 and N. oleoabundans UTEX 1185, obtained from UTEX and consortium prepared from native algal strains obtained from wastewaters were cultivated in treated, untreated wastewaters and BG11 the standard growth medium to compare and evaluate their growth response, biomass production and lipid accumulation.