Rs. 2 lakh crore to be invested for setting up 5000 Compressed bio-gas in the country, says Petroleum Minister

Rs. 2 lakh crore to be invested for setting up 5000 Compressed bio-gas in the country, says Petroleum Minister

 
 

To boost availability of affordable and clean transport fuels, a MoU was signed today between MoPNG and leading oil & gas marketing companies & technology providers to establish Compressed Bio-Gas CBG) plants across India under the Sustainable Alternative Towards Affordable Transportation (SATAT) initiative, in the presence of Union Minister of petroleum and Natural Gas & Steel Shri Dharmendra Pradhan.MoUs  were signed with energy companies viz. JBM Group, Adani Gas, Torrent Gas and Petronet LNG for setting up of Compressed Bio-Gas (CBG) plants,and with technology providers in CBG sectors IndianOil, Praj Industries, CEID Consultants & Bharat Biogas Energy for facilitating availability of technology for the projects.

Elucidating the benefits of SATAT, Minister Pradhan said, “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. Source: PIB

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