India to get Rs 2 trillion investments for compressed biogas units: Pradhan
Petroleum Minister Dharmendra Pradhan said on Friday that the country is likely to see investments worth Rs 2 trillion to set up 5,000 compressed bio-gas (CBG) units across the country.
The minister was addressing an event after signing the memorandum of understanding for setting up 900 CBG plants as part of SATAT (Sustainable Alternative Towards Affordable Transportation) initiative by the government.
On Friday, the Ministry of Petroleum and Natural Gas signed MOUs with energy companies like JBM Group, Adani Gas, Torrent Gas and Petronet LNG for setting up the CBG plants. The ministry also signed MoUs with technology providers in CBG sectors like IndianOil, Praj Industries, CEID Consultants, and Bharat Biogas Energy.
