Indraprastha Gas signed MoU to set up compressed biogas plants
Indraprastha Gas Ltd has undergone a memorandum of understanding with two technology partners during India Energy Week 2024 to establish compressed biogas plants across four states Delhi, Haryana, Rajasthan, and Uttar Pradesh.
![Indraprastha Gas signed MoU to set up compressed biogas plants](https://www.psuconnect.in/sdsdsd/Indraprastha_Gas_signed_MoU_to_set_up_compressed_biogas_plants.jpg)
The significant partnerships aim to produce 0.45 million metric standard cubic meters per day of biogas from waste equivalent to approximately 5% of industrial gas requirements. In addition, the company has already agreed with other collaborators to enhance comprehensive initiatives towards promoting clean and renewable energy. The mutual agreements are signed to align with the nation's commitment to green energy agendas.
The recommended CBG plant is a fundamental step towards a green energy initiative to process biogas derived from organic waste. This biogas is stimulated to undergo purification to eliminate Hydrogen Sulfide [H2S], Carbon dioxide [CO2], and water vapour resulting in compressed biogas [CBG] with a good enough content of methane gas over 90.4%.
Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoYThe recent budget declaration has facilitated financial assistance pledged for the conversion of biomass into CBG while outlining the phased mandatory blending of CBG with natural gas for use in vehicles and domestic supplies to make a sustainable approach toward energy generation.
The gas unit firm has been considered to be the key player in implementing CNG and Piped Natural Gas distribution in the country. Established in 1998, the company is a joint venture between Gail, Bharat Petroleum, and the Government of Delhi.
Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail deposits
These MOUs were signed in the presence of Mr. Praveen Mal Khanooja (IA &AS), Additional Secretary of the Ministry of Petroleum and Natural Gas (MoPNG), Mr. K.K Chatiwal, Managing Director of IGL, Mr. Pawan Kumar, Director (Commercial) of IGL, and other senior officials.
Read Also : India assumes the Chair of Asian Disaster Preparedness CentreNews Must Read
- Karnataka Bank Announced record Q1 Net Profit at Rs. 400.33 CR
- NTPC, BHEL shares soar higher amid JV announcement in Budget 2024
- BEL signs tripartite MoU for manufacture of indigenised ammunition
- Goa Shipyard Limited launched first indigenous P1135.6 Frigate
- Chandan Sinha appointed as Non-Executive Part Time Chairman of RBL Bank
- OIL and Dolphin Drilling signs contract for hiring of Blackford Dolphin
- Cmde D.K. Murali, IN (Retd.) Joins as CMD of BECIL
- Samir Chandra Saxena Appointed as Director (Market Operation) of GRID-INDIA
- MOIL CMD bags Title 'CEO of the Year'
- ONGC sign MoU with GSI to advance geothermal exploration in Ladakh