5,000 Compressed Bio-Gas Plants to be Setup in India with Rs 2 Lakh Cr Investment: Pradhan

A total of 5,000 Compressed Bio-Gas (CBG) plants with approximate investment of Rs 2 lakh crore are envisaged, and bio-fuels have the potential to reduce our fuel import bill by Rs 1 lakh crore, said Dharmendra Pradhan, Union Minister of Petroleum and Natural Gas & Steel.

November 21, 2020. By Manu Tayal

A total of 5,000 Compressed Bio-Gas (CBG) plants with approximate investment of Rs 2 lakh crore are envisaged, and bio-fuels have the potential to reduce our fuel import bill by Rs 1 lakh crore, said Dharmendra Pradhan, Union Minister of Petroleum and Natural Gas & Steel.

He was speaking at the time of signing of Memorandum of Understandings (MoUs) between Ministry of Petroleum & Natural Gas (MoPNG) and leading oil & gas marketing companies and technology providers to establish CBG plants across India under the Sustainable Alternative Towards Affordable Transportation (SATAT) initiative.

The motive behind the move was to boost availability of affordable and clean transport fuels in the country.

The MoUs were signed with energy companies viz. JBM Group, Adani Gas, Torrent Gas and Petronet LNG for setting up of CBG plants, and with technology providers in CBG sectors Indian Oil, Praj Industries, CEID Consultants and Bharat Biogas Energy for facilitating availability of technology for the projects.

Under the SATAT initiatives, Government is planning to set up 5,000 CBG plants by 2023-24 with production target of 15 MMT, facilitating the creation of new employment opportunities and enhancing farmers’ income towards further invigorating the rural economy.

Speaking about SATAT, Pradhan said, “We have developed a clear-cut roadmap for SATAT. I am glad to note that Indian industry players have shown immense interest in SATAT. Letter of intent for 600 CBG plants have already been given and with today’s signing of MoUs for 900 plants, a total of 1500 CBG plants are at various stages of execution. Rs 30,000 crore of investment is envisaged in these 900 plants.”

He further added that, “benefits out of the SATAT will go to our farmers, rural areas and tribals. With inclusion of forest waste, Agri-waste, animal husbandry waste and marine waste, SATAT involves a multi-pronged approach. With liberalized policy regime ensuring ease of doing business for entrepreneurs, off-take guarantee, financing and technology support, SATAT is all set to contribute towards doubling farmer’s income, generating employment for the youth and ensuring clean energy for sustainable development.”

The Minister also thanked the Reserve Bank of India for including CBG in priority sector lending framework.

Secretary, MoPNG, Tarun Kapoor sharing his insights, termed this as a remarkable achievement, as infusion of big companies in the CBG sector will provide the sector with much sought guidance and technical expertise towards the success of SATAT.

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