By: ICN Bureau
Last updated : December 09, 2022 8:26 am
As on 31st October 2022, Oil and Gas Marketing companies participating in SATAT have issued 3,694 Letters of Intent (LoI) to entrepreneurs for procurement of CBG produced by them
As many as 38 CBG/biogas plants with installed capacity around 225 MT per annum have been commissioned by Letter of Intent (LoI) holders, says Minister of State for Petroleum and Natural Gas, Rameswar Teli in a written reply to a question in Lok Sabha.
As on 31st October 2022, Oil and Gas Marketing companies participating in SATAT have issued 3,694 Letters of Intent (LoI) to entrepreneurs for procurement of CBG produced by them.
Sustainable Alternative Towards Affordable Transportation (SATAT) initiative was launched in October, 2018 and envisages setting up of 5,000 Compressed Biogas (CBG) plants for production of 15 mmt per annum of CBG by 2023-24.
Phase I Umbrella scheme of National Bioenergy Programmes of the Ministry of New and Renewable Energy which inter-alia provides subsidy/central financial assistance to all kinds of biogas plants has been extended upto 31.03.2026.
In order to reduce import dependency of the country in fossil fuels, the government has taken multiple steps/launched various policy initiatives to increase the domestic production of crude oil & natural gas and adopted strategies for promotion of biofuels, gas based economy, energy efficiency & energy conservation, improvement in refinery process, and increasing renewable energy generation capacity.