“Indian Biogas Association (IBA), an industry association comprising of operators, manufacturers, and planners of biogas plants, announced that Renewable Energy India Expo 2022 has received the commitment of investment worth Rs 1,400 crore,” an IBA statement said.
The proposed minimum investment per plant ranges between Rs 10 and 50 crore, it added. The association has received 60 confirmations from SATAT (Sustainable Alternative Towards Affordable Transportation) LOI (Letter of Intent) holders to set up biogas plants across the country. The maximum applications were received from Uttar Pradesh, followed by Punjab. The Bio-energy pavilion was supported by the Ministry of New and Renewable Energy, Niti Aayog, Punjab, and Maharashtra Energy Development Agency (PEDA and MEDA). The expo is one of the largest trade expositions and events focusing on renewable energy (bio-energy, solar, and wind) and energy efficiency technologies, including electric vehicles and battery storage.
AR Shukla, President, of the Indian Biogas Association, said, “The REI expo is a huge success for the Biogas sector. We have received a record number of confirmations from the industry. The footfall to our Biogas pavilion was almost double our expectations. Uttar Pradesh industry has been receptive to the production of Biogas and the response is overwhelming for the sector”.
“The government’s impetus towards Bio-CNG is commendable and we are looking forward to the government’s support in the initial phase, in the form of Central Financial Assistance,” he added.
Gaurav Kedia, Chairman, of the Indian Biogas Association said, “We are thankful to our partners and Government for helping us make the Bio-energy pavilion in REI Expo a success. If the promised capacity during the REI is set up by 2025, the current total CBG production is around 1 lakh metric tons from around 110 plants across India”.