Green energy has emerged as the sector attracting the most investor interest and investment in the aftermath of the upcoming Global Investors’ Summit in Uttar Pradesh. Recognizing this, the state government is also laying out the red carpet for companies looking to expand their green energy infrastructure.
Taking this approach a step further, the Meerut district administration has signed Memorandums of Understanding (MOUs) with two companies, Mehalka Bio Energy Private Limited (MBEPL) and Circle CBG India Private Limited (CCBGIPL), that intend to establish Compressed Bio Gas (CBG) plants in the district. The two companies would spend more than 100 crore to build a CBG plant in two different areas of Meerut.
According to experts, this could be a game-changer for U.P. and the state may soon become the leader in alternative energy sources as the two proposed CBG plants are likely to produce 25 tonnes of gas every day and this capacity is to be increased gradually.
