Nexgen Energia, the sustainable energy solutions provider, on Wednesday, March 6, announced an estimated investment of INR 3,000 Crore towards setting up a Compressed BioGas (CBG) plant in Gujarat. The company presented the proposal for this project during a meeting with the Gujarat CM and will sign the MoU (Memorandum of Understanding) soon for the same.
Nexgen will start supplying compressed biogas directly to the CNG pumps post-commissioning of the CBG Plant. The organic fertiliser that will be made from CNG produced from stubble and waste through the CBG plant will be given to the farmers who provide the stubble.
Also Read: Millimetre Unveils India’s First Revolutionary BandEdge Design
Additionally, the company will also set up EV units and other related setups in the state. The investment of INR 3,000 Crore has been agreed upon in the combined projects (CBG and EV). Nexgen Energia has already set up CBG plants in Punjab, Uttar Pradesh, and Haryana. During the Uttar Pradesh Investors Summit, the company also proposed large-scale investments in the state.
Biltrax Construction Data is tracking 29,000+ projects on their technology platform for their clients.
Get exclusive access to upcoming projects in India with actionable insights and gain a competitive advantage for your products in the Indian Construction Market.
Visit www.biltrax.com or email us at contact@biltrax.com to become a subscriber and generate leads.
Disclaimer: The information contained herein has been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. The image featured in this article is for representation purposes only and does not in any way represent the project. If you wish the article to be removed or edited, please email editor@biltrax.com.
1Discover more from Biltrax Media, A Biltrax Group venture
Subscribe to get the latest posts sent to your email.
