₹2 lakh crore investment in 5,000 compressed bio-gas plants in offing

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.

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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 2023-24 with a production target of 15 million tonnes, an official statement said.

SATAT provides for generating gas from municipal waste as well as forest and agri waste. Animal husbandry and marine wastes are also included.

A total of 5000 CBG plants with an approximate investment of Rs 2 lakh crores are envisaged.

The gas produced at CBG plants can be used as fuel to power automobiles. The policy provides for guaranteed offtake of the gas produced at the CBG plants by the state-owned firms.