IGL and Hindustan Waste Treatment Announce 50:50 Joint Venture for Biofuels

NEW DELHI :– Indraprastha Gas Limited (IGL), India’s leading City Gas Distribution company, has officially entered into a Joint Venture Agreement (JVA) with Hindustan Waste Treatment Private Limited (HWT).

The partnership aims to establish Compressed Bio-Gas (CBG) plants and biofuel projects, marking a significant step toward sustainable energy and waste-to-wealth initiatives.

Joint Venture Highlights

Partnership Structure: The JV is a 50:50 equity participation model between IGL and HWT.
Purpose: To construct and operate Compressed Bio-Gas (CBG) and other biofuel projects.
Governance: The Board of the new JV company will initially consist of four directors, with each partner nominating two representatives.
Compliance: IGL confirmed that this is not a related party transaction and is conducted at arm’s length.

Strategic Rationale: Waste-to-Energy

The collaboration aligns with the Government of India's SATAT (Sustainable Alternative Towards Affordable Transportation) initiative. By converting organic and municipal waste into Compressed Bio-Gas, IGL looks to diversify its energy portfolio beyond fossil-based Natural Gas.

Key Benefits of the Project:

Sustainability: Reduces methane emissions from landfills by processing organic waste.
Energy Security: Provides an indigenous source of green fuel, reducing reliance on imported LNG.
Circular Economy: Promotes a "Waste-to-Wealth" model by creating value from urban and agricultural waste.

About the Partners

Indraprastha Gas Limited (IGL): A joint venture of GAIL, BPCL, and the Govt. of NCT of Delhi, IGL is the primary supplier of CNG and PNG in the Delhi-NCR and surrounding regions.
Hindustan Waste Treatment Pvt Ltd (HWT): An entity specializing in environmental engineering and waste management solutions, providing the technical expertise required to process various waste streams into fuel.