REI Expo Secures Rs 18.50 Bn in Investments for Biogas Sector: IBA
OIL & GAS

REI Expo Secures Rs 18.50 Bn in Investments for Biogas Sector: IBA

Investments totalling Rs 18.50 billion have been committed to the biogas sector during the Renewable Energy India (REI) Expo 2024, which took place from October 3 to 5 in Greater Noida, according to a senior official from the Indian Biogas Association (IBA). The IBA Chairman, Gaurav Kedia, informed PTI that the association has secured anticipated investment commitments amounting to Rs 18.50 billion through joint ventures (JVs), memorandums of understanding (MoUs), and letters of intent (LoIs) at the recent expo.

Kedia noted that a total of 47 exhibitors representing ten biogas-producing nations participated in the REI Expo. He mentioned that these investments, expected to be realized over the next 2-3 years, demonstrate strong international interest, particularly from countries like Germany, Sweden, and the UK. Furthermore, he stated that they have signed MoUs worth over Rs 9 billion for joint ventures and received nearly 50 LoIs for establishing compressed biogas plants in India.

The IBA, established in 2011 and revamped in 2015, serves as a national platform for bioenergy operators, manufacturers, and planners, collaborating with international organizations such as the German Biogas Association to promote the growth of the biogas sector in India.

The REI Expo is one of the largest renewable energy events in India, emphasizing bioenergy, solar, wind, electric vehicles, and energy efficiency technologies. Supported by the Ministry of New and Renewable Energy (MNRE) and key industry players, the Bio-Energy Pavilion 2024 aimed to accelerate India's progress toward net-zero emissions.

Additionally, IBA President Dr A R Shukla highlighted the success of this year's expo, noting that the active participation of the MNRE, along with scientists from the Sardar Swaran Singh National Institute of Bio-Energy (SSS-NIBE) in Kapurthala, has boosted confidence in the bioenergy sector.

Investments totalling Rs 18.50 billion have been committed to the biogas sector during the Renewable Energy India (REI) Expo 2024, which took place from October 3 to 5 in Greater Noida, according to a senior official from the Indian Biogas Association (IBA). The IBA Chairman, Gaurav Kedia, informed PTI that the association has secured anticipated investment commitments amounting to Rs 18.50 billion through joint ventures (JVs), memorandums of understanding (MoUs), and letters of intent (LoIs) at the recent expo. Kedia noted that a total of 47 exhibitors representing ten biogas-producing nations participated in the REI Expo. He mentioned that these investments, expected to be realized over the next 2-3 years, demonstrate strong international interest, particularly from countries like Germany, Sweden, and the UK. Furthermore, he stated that they have signed MoUs worth over Rs 9 billion for joint ventures and received nearly 50 LoIs for establishing compressed biogas plants in India. The IBA, established in 2011 and revamped in 2015, serves as a national platform for bioenergy operators, manufacturers, and planners, collaborating with international organizations such as the German Biogas Association to promote the growth of the biogas sector in India. The REI Expo is one of the largest renewable energy events in India, emphasizing bioenergy, solar, wind, electric vehicles, and energy efficiency technologies. Supported by the Ministry of New and Renewable Energy (MNRE) and key industry players, the Bio-Energy Pavilion 2024 aimed to accelerate India's progress toward net-zero emissions. Additionally, IBA President Dr A R Shukla highlighted the success of this year's expo, noting that the active participation of the MNRE, along with scientists from the Sardar Swaran Singh National Institute of Bio-Energy (SSS-NIBE) in Kapurthala, has boosted confidence in the bioenergy sector.

Next Story
Infrastructure Transport

RLDA reopens bidding for New Delhi Railway station redevelopment

The Rail Land Development Authority (RLDA) has reopened the bidding process for the redevelopment of New Delhi Railway Station, now focusing on an Engineering, Procurement, and Construction (EPC) model, with an estimated budget of Rs 2,469 crore. The Request For Proposal (RFP) outlines a two-stage bidding process for both the station's redevelopment and associated infrastructure. This renewed effort follows previous unsuccessful attempts where bids significantly exceeded RLDA's projections. Officials indicated that adjustments have been made to streamline project execution. A pre-bid meeting i..

Next Story
Infrastructure Transport

Southern Railway updates train services due to infra work

Southern Railway has announced changes to train services due to a power and line block aimed at eliminating a manned level crossing gate No. 75 between Aralvaimozhi and North Panakudi, and constructing a subway for bridge No. 303. According to the announcement, Train No. 20691 Tambaram – Nagercoil Antyodaya Superfast Express, scheduled to depart Tambaram at 11 PM on October 22, will be short terminated at Valliyur. Similarly, Train No. 20692 Nagercoil – Tambaram Antyodaya Superfast Express on October 23 will commence its journey from Valliyur at 4:24 PM. Train No. 22627 Trichy – Thiruvan..

Next Story
Real Estate

Sunteck Realty Reports 33% Growth in Q2 Pre-Sales at Rs 524 Crore

Real estate developer Sunteck Realty has announced a nearly 33% year-on-year increase in pre-sales, totaling Rs 524 crore for the quarter ending September. The company’s collections for the period reached Rs 267 crore, marking a 25% rise compared to last year. This strong quarterly performance brings the pre-sales for the first half of 2024-25 to Rs 1,026 crore, reflecting a 31.2% increase from Rs 782 crore a year prior. Additionally, collections for the first half of the year grew by 21.3% to Rs 609 crore. Sunteck Realty maintains a city-centric development portfolio of approximately 52.5 m..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000