Power & Energy

Punjab signs a MoU with IOC for developing biogas, bio-CNG plants

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Chandigarh:  The Punjab government signed a MoU with IOC for setting up bio-gas and bio-CNG plants in the state.

This pact is a part of state government’s on-going efforts to locate sustainable solutions for the issue of paddy straw burning which has emerged as a major environmental threat.

The MoU was signed by Punjab Energy Development Agency (PEDA) and Punjab Bureau of Industrial Promotion (PBIP) in the presence of Amarinder Singh, honorable chief minister of Punjab.

“It will facilitate regulatory clearances and incentives by the state government, and will be followed up with a separate technical cooperation MoU between the public sector undertaking and PEDA,” an official spokesperson said.

The plants would be developed with new concept and technology with total investment of Rs. 5,000 crore and is expected to generate 4,000 additional jobs in the market.

The project would start with 42 operational plants in the year 2018. In coming 3-4 years, it would increase up to 400 plants making it country’s biggest solar power project of its kind.

According to the estimation done, 400 units would use 10 million ton of biomass per annum and will produce about 1,400 million kg of CNG per annum and 6,000 kg of manure annually. 

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