Farm cooperative major Nafed Saturday announced setting up 100 bio-CNG manufacturing facilities using agri-waste such as stubble through public-private partnership (PPP) with an estimated investment of Rs 5,000 crore.
The first three centres will come up in Muzaffarnagar in Uttar Pradesh, which is the largest sugarcane producing state where waste from sugar mills is available in abundance, Nafed Managing Director Sanjeev K Chadha said.
“An agreement has already been signed with 4-5 private investors like Reliance, United Nations Environment Programme (UNEP) and technology provider. Initially, 100 units will be set up across the country with an estimated cost of about Rs 5,000 crore,” Chadha told reporters.
Another agreement has been signed with Indian Oil for purchase of bio-CNG from the plants at a rate of Rs 48 per kg, he said. Read More
Latest posts by The Hindu Businessline (see all)
- Issues in power subsidy and farm distress - January 22, 2019
- India needs renewable energy policy to achieve 175 GW solar capacity by 2022: CSE - January 22, 2019
- Shipping, insurance, document exchange pose challenges for India-Iran trade - January 21, 2019