Tapping Government offers of subsidy and incentives
With the aim to re-define the manufacturing & distribution of alternate future green fuels NexGen Energia Ltd (NGE) aims to establish 1,000 compressed natural gas (CNG) production units in India under franchise under Phase I.
The Mumbai-based clean fuel energy company is exploring opportunities to establish green diesel refineries and CBG production units in North India. It has already established one first CNG (CBG) production unit in Ambala where production has already started.
As the processing for CBG and green diesel from garbage is being popularised NGE has planned to open 300 CNG (CBG) production plant/Retail outlets in first phase in Uttar Pradesh along with its storage marketing and distribution networks.
NGE has pioneered the art of making CNG (CBG) from locally sourced waste and agricultural waste in India and distribute CNG (CBG) through locally established distribution channels. NGE is one of the leading organisations to have achieved this feat.
NGE has initiated this disruptive idea to bring on board a band of entrepreneurs, distributors and marketers for production, storages and marketing of green fuel and bring a revolution in alternate green fuels sector.
As per Bio-fuel policy 2018, the Indian Government has promoting production, storage and distribution of Bio-fuel and encouraging participation of private entrepreneur in green energy sector. The Government is also giving investment subsidy and many policy incentives to increase the participation of young entrepreneurs.
Elaborating about the business plan, NGE Founder and Chairman Dr. Piyush Dwevedi said, “Our aim to boost Local for Vocal & Make in India initiatives based on Swach Bharat mission through production of energy from the waste and provide an innovative entrepreneurship opportunity for the business aspirant. We are going to establish CNG (CBG) production plant through franchisee route with production buyback guarantee. It is a unique and an Ideal profitable business opportunity on a very low risk.”
“A initial investment required for a CNG (CBG) production plant unit is start from only Rs.4.99 crore and government of India and state government is giving huge subsidy for the establishment of waste to CNG production plant. Apart from investment subsidy government is also giving GST benefits, Land use conversion and income tax benefits for CNG production plants,” Dr. Dwevedi said on 15 Feb 2021.
With the ultramodern technologies of global standard and vast experience in waste to energy sector NGE wants to give a notable input in the growing demand fuel and alternative energy resource of India. Apart from CNG (CBG) production NGE is also running CBG Retail Outlets, Green Diesel Production unit, Green Diesel Retail Outlets, Bio Coal, EV Charging stations in India. #renewable #energy #OPEC #manufacturing #investment #plants /fiinews.com
