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The National Agricultural Cooperative Marketing Federation of India (Nafed) will set up a bio-CNG plant in Delhi’s Azad Mandi, said Minister for Petroleum and Natural Gas Dharmendra Pradhan.
Pradhan was speaking at the Delhi Energy Dialogue-2018 organised by Ashden India Collective.
He said, “The Nafed plant will use agricultural and vegetable waste of the mandi produce CNG. Indraprastha Gas will buy the bio-CNG produced.”
He said public sector oil marketing companies, particularly IndianOil, are procuring bio-fuel across the country at a competitive market price.
“I can visualise ₹1 lakh crore of new business across the country in bio-fuel and bio-CNG industry,” he added.
Pradhan said he had met the Chief Economist of BP earlier this week who told him that India is currently the third largest primary consumer of energy after the US and China.
“In comparison to any developed economy and as a very upcoming economy, our per capita energy consumption is very low. Global experts are predicting that the CAGR growth of energy consumption in India over the next 25 years will be at 4 per cent,” he said.
“The nearest competitor will be China with a 1.5 per cent growth. By 2030, we will be surpassing China’s consumption. Our incremental energy requirement will be equal to the entire Europe’s energy consumption,” he added.
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