HDFC Bank has partnered with Indore Clean Energy Private Limited (ICEPL) for the development of Gobar-Dhan plant in Indore under its Environmental, social, and governance (ESG) commitments. The 550-tonne capacity “Gobar-Dhan (Bio-CNG) Plant” was inaugurated by PM Modi in Indore, Madhya Pradesh on February 19, 2022. This is the biggest Bio-CNG plant in Asia. It has been set up at a cost of Rs 150 crore.
Notably, Indore Clean Energy Pvt Ltd (ICEPL) is promoted by Green Growth Equity Fund (GGEF), which is the largest climate impact fund in India with anchor investors like NIIF and the government of the UK.