Projects: 12 2G Ethanol Bio-Refineries
Indian has developed a road map for Sustainable Alternative Towards Affordable Transportation (SATAT) which will have 5,000 biogas plants with US$20 billion potential investment.
“We have a well-developed roadmap for SATAT, an important initiative of our government, which targets to set up 5,000 compressed biogas plants with a target of 15 MMT per year with an investment potential for US$20 billion,” he informed the 3rd RE-INVEST 2020 on 28 Nov 2020.
Indian oil marketing companies are offering to private entrepreneurs assured price and offtake guarantee.
Separately, 12 2G Ethanol Bio-Refineries, with an overall capacity of 1,100-kilo litre per day, are being set up in 11 states, Minister of Petroleum & Natural Gas and Dharmendra Pradhan has told an international conference.
The refineries are part of the 2018 National Biofuel Policy (NBP) to promote biofuels in mass scale with a target of 20% ethanol blending in petrol and 5% of bio-diesel by 2030, he said.
Another major transformative energy initiative is the development of a gas-based economy leading to ‘One Nation One Gas Grid’.
“We have already laid over 16,800 km gas pipeline network, and additionally 14,700 km pipelines are under different stages of construction,” he told conference participants.
An estimated investment of US$60 billion is lined up in developing gas infrastructure, which includes pipelines, city gas distribution and LNG regasification terminals.
“The vast gas-based infrastructure will offer enormous opportunities for integrating different sources of energy in the country. This is yet another potential area of growth with vast investment opportunities,” he said
Pradhan also invited the participants to look at the investment opportunities in the Compressed Bio-Gas (CBG) initiative.
Reserve Bank of India has included CBG projects under Priority Sector that will help in getting the loan for CBG plant, said Pradhan, adding that 1,500 CBG plants are at various stages of execution.
The Minister said that oil and gas companies in India including oil PSUs are investing in developing renewable energy projects by focusing more on green energy investments such as renewables, biofuels and hydrogen going forward.
Pradhan has urged foreign investors to invest on their own or form joint ventures with an Indian partner for financial and/or technical collaboration for setting up of renewable energy-based power generation projects.
The Minister also highlighted that “Ease of doing business” is India’s utmost priority.
“Our continuous focus is on maintaining the sanctity of contracts and safeguarding investments,” he assured at the 3rd RE-INVEST 2020 on 28 Nov 2020.
“We have established dedicated Project Development Cells (PDC) and Foreign Direct Investment (FDI) cells in all Ministries for handholding and facilitating domestic and foreign investors.
“Adequate measures and safeguards have also been undertaken to address the concerns of businesses and investors arising out of the Covid pandemic,” said Pradhan.
The Indian energy sector is in the midst of a major transformative shift. “While doing so, our twin objectives are to enhance availability and affordability of clean fossil fuels and green fuels, and to reduce the carbon footprint through a healthy mix of all commercially-viable energy sources,” he stressed.
“We are consistently taking energy policy initiatives. Revamping policies, and taking needful measures.
“We are developing next-generation infrastructure based on five guiding key enablers of energy availability and accessibility to all, energy affordability to the poorest of the poor, efficiency in energy use, energy sustainability to combating climate change as a responsible global citizen and security for mitigating the global uncertainties,” the Minister elaborated.
He underlined that the country’s energy agenda is inclusive, market-based and climate-sensitive.
Pradhan highlighted several initiatives that are spearheaded by the Indian oil & gas industry to broaden the Renewable Energy canvas, and also are also offering enormous investment opportunities.
“We have embarked on a major biofuel programme in the country, which has huge investment opportunities. Biofuel is not just science but also a Mantra that will provide new energy to not only India but also the entire world. It has the power to create a balance between our environment and economic development. #tenders #renewables #energy #OPEC #investment #projects #infrastructure /fiinews.com
