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5,000 Bio-Gas Plants at Rs 1.75 Lakh CR Investment in Offing - Oil Minister Dharmendra Pradhan - The Economic Times

Oil Minister Dharmendra Pradhan announced plans to set up 5,000 biogas plants in India over the next five years at an investment of Rs. 1.75 lakh crore. The biogas will be extracted from agricultural waste and municipal solid waste. State fuel companies will purchase all the biogas at Rs. 46 per kg to reduce reliance on oil imports. This would generate 75,000 jobs and cut India's oil import dependence, which is currently over 80%.

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62 views1 page

5,000 Bio-Gas Plants at Rs 1.75 Lakh CR Investment in Offing - Oil Minister Dharmendra Pradhan - The Economic Times

Oil Minister Dharmendra Pradhan announced plans to set up 5,000 biogas plants in India over the next five years at an investment of Rs. 1.75 lakh crore. The biogas will be extracted from agricultural waste and municipal solid waste. State fuel companies will purchase all the biogas at Rs. 46 per kg to reduce reliance on oil imports. This would generate 75,000 jobs and cut India's oil import dependence, which is currently over 80%.

Uploaded by

Bharat A. Kadu
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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7/31/2019 5,000 bio-gas plants at Rs 1.

75 lakh cr investment in offing: Oil Minister Dharmendra Pradhan - The Economic Times

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5,000 bio-gas plants at Rs 1.75 lakh cr investment in offing:


Oil Minister Dharmendra Pradhan
BY PTI | OCT 01, 2018, 02.31 PM IST Post a Comment

NEW DELHI: Oil Minister Dharmendra Pradhan Monday said as many as 5,000 plants for
extracting biogas from agricultural residue, cattle dung and municipal solid waste are
envisaged to be set up in the country in next five years at a massive Rs 1.75 lakh crore
investment.

Pradhan announced that state-owned fuel marketing companies will purchase all the bio-
gas from these plants at Rs 46 per kg in a bid to cut reliance on imports for meeting oil
needs.

India is more than 81 per cent dependent on imports for meeting its oil needs and the
move to use biogas extracted from waste/bio-mass sources like agriculture residue, cattle
As many as 5,000 CBG plants are envisaged to be
dung, sugarcane press mud, municipal solid waste and sewage treatment plant waste is set up in the private sector that will generate 75,000
aimed at cutting that. direct employment.

"We are today inviting Expression of Interest (EoI) from producers to offer compressed Big Change:
bio-gas (CBG) that oil companies can use as a fuel for transportation," he said at the The end of Five-Year Plans: All you need to know

launch event here.

CBG so offered will replace compressed natural gas (CNG) currently used in buses, cars and autos.

"The price of Rs 46 per kg that is being offered is more than the domestic natural gas price. Plus 100 per cent offtake guarantee is being
offered," he said.

Of the 146 million standard cubic meters per day of natural gas consumed in the country, 56 per cent is imported.

Pradhan said there is a potential to produce 62 million tonnes of CBG from wastes and its usage would lift the share of natural gas in the
energy basket from current 6-7 per cent.

As many as 5,000 CBG plants are envisaged to be set up in the private sector that will generate 75,000 direct employment, he said.
"This will involve an investment of Rs 1.75 lakh crore. Together, Rs 70,000 crore investment envisaged in rollout of city gas distribution
(CGD) network in the 86 cities auctioned in the latest round, would take the total to Rs 2.5 lakh crore, equal to the investment in the
glamourous telecom sector," he said.

The CGD networks in 86 new cities will help expand the number of CNG stations from current 1,500 to 10,000 in five years and more
than double the piped natural gas connection to household kitchens to 2.5 crore, he said.

The EoI, he said, is valid till March 31, 2019 but the first CBG plant can start within this quarter.

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