HPCL to set 10 biogas plant in Punjab
Hindustan Petroleum Corporation Limited (HPCL) has signed a Memorandum of Understanding (MoU) with the Punjab Energy Development Agency (PEDA). The MoU is for setting up 10 compressed biogas (CBG) projects and other new and renewable energy projects across the state of Punjab.
HPCL will initially set up 10 CBG projects with an investment of about Rs 600 crore. The plants are expected to produce over 35,000 tonnes of biogas and about 8,700 tonnes of organic manure annually, besides generating revenue of about Rs 300 crore annually from the CBG production.
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