India will see an investment of Rs 2 lakh crore in setting up 5,000 plants that will produce gas from bio and crop wastes by 2023-24, Oil Minister Dharmendra Pradhan said on Friday.
To boost the availability of affordable and clean transport fuel, an agreement was signed for setting up 900 compressed bio-gas or CBG plants by companies such as Adani Gas and Torrent Gas.
Under the Sustainable Alternative Towards Affordable Transportation (SATAT) initiative, the government is looking at setting up of 5,000 CBG plants by 20
Speaking on the occasion, Pradhan said, “We have developed a clear-cut roadmap for SATAT. Letter of intent for 600 CBG plants have already been given and with today’s signing of MoUs for 900 plants, a total of 1500 CBG plants are at various stages of execution.”
As much as Rs 30,000 crore investment is envisaged in these 900 plants, he said. “A total of 5000 CBG plants with an approximate investment of Rs 2 lakh crores are envisaged.”