Nexgen Energia, a sustainable energy solutions company, announced on Wednesday its plan to invest approximately Rs 3,000 crore in establishing a compressed biogas (CBG) plant in Gujarat. The proposal for these investments was presented during a meeting with Gujarat Chief Minister Bhupendrabhai Patel.
Once operational, the CBG plant will directly supply compressed biogas to CNG pumps, stated the company.
“Nexgen Energia intends to invest over Rs 3,000 crore to establish a CNG Compressed Biogas (CBG) plant in Gujarat. Additionally, the company plans to set up EV units and other related infrastructure in the state. We have presented a proposal to the Gujarat government, and we anticipate signing an MoU soon,” said Piyush Dwivedi, Managing Director of Nexgen Energia.
Dwivedi also highlighted that the organic fertilizer produced during the process of converting stubble and waste into CNG through the CBG plant would be provided to the farmers supplying the stubble.
An investment of Rs 3,000 crore has been earmarked for the combined CBG and EV projects, and the commencement of the CBG plant will enable direct CNG supply to the pumps, he further added. Nexgen Energia has already established CBG plants in Punjab, Uttar Pradesh, and Haryana, and during the Uttar Pradesh Investors Summit, the company proposed significant investments in the state as well.
