PEDA inks MoU with HPCL for setting up 10 compressed biogas projects in Punjab – EQ
In Short : The Punjab Energy Development Agency (PEDA) has signed a Memorandum of Understanding (MoU) with Hindustan Petroleum Corporation Limited (HPCL) to establish 10 compressed biogas projects in Punjab. This collaboration aims to promote the use of clean and sustainable biogas as a green fuel, reducing the carbon footprint and promoting eco-friendly energy solutions in the state. The initiative represents a significant step towards renewable energy adoption, contributing to Punjab’s efforts in achieving its clean energy goals and fostering environmental sustainability.
In Detail : Chandigarh : Punjab Energy Development Agency (PEDA) on Friday signed a Memorandum of Understanding (MoU) with Hindustan Petroleum Corporation Limited (HPCL) for setting up 10 compressed biogas (CBG) projects and other new and renewable energy projects across the state.
The MoU was signed by PEDA Chief Executive Officer Amarpal Singh and Executive Director (Bio-fuels and Renewables) of HPCL, Shuvendu Gupta here in the presence of Ravi Bhagat, Secretary, New and Renewable Energy Sources, Punjab, an official statement said.
Gupta said HPCL will initially set up 10 CBG projects with an investment of about Rs 600 crore.It will also explore possibilities to establish other new and renewable energy projects in the state, he said. These 10 CBG plants are expected to produce over 35,000 tonnes of biogas and about 8,700 tonnes of organic manure annually, besides generating revenue of about Rs 300 crore annually from the CBG production.
