Indian Biogas Association gets investment commitments worth Rs 1,400 cr

Indian Biogas Association on Saturday said it has received investment commitments worth Rs 1,400 crore at Renewable Energy India Expo 2022.

"Indian Biogas Association (IBA), an industry association comprising of operators, manufacturers, and planners of biogas plants, announced that Renewable Energy India Expo 2022 has received the commitment of investment worth Rs 1,400 crore," an IBA statement said.

The proposed minimum investment per plant ranges between Rs 10 and 50 crore, it added.

The association has received 60 confirmations from SATAT (Sustainable Alternative Towards Affordable Transportation) LOI (Letter of Intent) holders to set up biogas plants across the country.

The maximum applications were received from Uttar Pradesh, followed by Punjab.

The Bio-energy pavilion was supported by the Ministry of New and Renewable Energy, Niti Aayog, Punjab and Maharashtra Energy Development Agency (PEDA and MEDA).

The expo is one of the largest trade expositions and events focusing o