Punjab: PEDA Signs MoU to Set up Five Compressed Biogas Projects in the State
- Indian Masterminds Bureau
- Published on 30 Nov 2021, 5:46 pm IST
- 2 minutes read
Highlights
- PEDA has exchanged the Implementation Agreements signed with M/S. EverEnviro Resource Management Private Limited, Mumbai, for setting up of 5 Compressed Biogas Projects based on paddy straw in the state
The Punjab Energy Development Agency (PEDA), Department of New & Renewable Energy Sources, has exchanged the Implementation Agreements signed with M/S. EverEnviro Resource Management Private Limited, Mumbai, for setting up of 5 Compressed Biogas Projects based on paddy straw in the state in the presence of Chief Minister Charanjit Singh Channi, New & Renewable Energy Sources Minister Dr. Raj Kumar Verka and the Chairman PEDA H.S. Hanspal.
Mr. Randhawa, CEO PEDA informed that these projects will be setup in Tehsils- Jagraon, Moga, Dhuri, Pattran and Phillaur. The company will setup these projects with private investment of about 500 crores, on Build, Operate & Own (BOO) basis under State NRSE Policy-2012.
The total capacity of these projects is 222000 cum raw biogas per day which will be purified to get 92 ton Bio CNG/CBG per day. Further, the Fermented Organic Manure will also be produced in these projects as byproduct which will enhance the fertility of agriculture land and will also replace the utilization of chemical fertilizer.Related Stories
These projects will start commercial production of Bio CNG by December 2023 or earlier and will provide direct and indirect employment to about 7000 persons. Once operational these projects will consume about 3.5 lac ton of paddy straw annually, thus the farmers of the state will also be benefitted with the sale of agro waste to these projects from their field and the problem of stubble burning will also be mitigated significantly.
The PEDA, CEO further informed that PEDA has allotted 23 such projects of total capacity 263 ton BioCNG per day in the state to Private Developers on BOO basis including above said 5 projects. These projects will be completed by 2022-23 and 2023-24 with private investment of about Rs. 1300-1500 crore. About 35000 persons will be get direct/indirect employment in these projects. Once operational these projects will consume about 9 lac ton paddy straw annually.
Likewise, One largest project of capacity 33.23 ton BioCNG per day being set up by M/s. Verbio India Private Limited, at village Bhuttal Kalan, Distt: Sangrur, will start commercial production by December 2021. About 1.25 lac ton paddy straw will be consumed in this project.
M/s. EverEnviro Resource Management Private Limited has also submitted the request to PEDA for allotment of 5 more Bio-CNG projects in the state. The company has been asked by PEDA to submit Pre-feasibility Reports of these projects for further necessary action.
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