logo
menu

India to get another biomass plant through new MoU

news item image

A Memorandum of Understanding has been signed by sustainable energy solution company Thermax and Ruchi Soya Industries to begin plans for a 1MW biomass gasification plant in Maharashtra, India.

The project is being implemented by the Ministry of New and Renewable Energy (MNRE) with assistance from the United Nations Development Programme (UNDP) and the Global Environment Fund (GEF).

It is believed Thermax's Pune facility will execute the plant and it is hoped the pilot project will lay foundations for large-scale commercialisation of biomass power through increased access to financing.

It is estimated that India currently has a cumulative biomass generation capacity of over 3700MW and both Thermax and Ruchi Soya Industries will also be looking at ways to address barriers that slow down its deployment throughout the country.