Gujarat Energy to foray into Compressed Bio-Gas space with ₹100 crore investment; seeks JV partners

The Gujarat government-owned PSU has issued an expression of interest inviting JV partners to set up and run CBG plants, with an estimated investment of about ₹100 crore

Gujarat Energy Ltd (GEL), India's largest city gas distribution company by sales volume, plans to set up around 200 tonnes per day (TPD) of compressed biogas (CBG) production capacity in the initial phase, with 100 TPD proposed in Gujarat and the remaining 100 TPD outside the State, as it looks to diversify its gas sourcing portfolio and gradually reduce dependence on imported liquefied natural gas (LNG).

The Gujarat government-owned PSU has issued an expression of interest (EOI) inviting joint venture (JV) partners to set up and operate CBG plants, with the proposed initiative involving an investment of around ₹100 crore, according to the management. "We have initiated our entry into the CBG ecosystem and have issued an EOI seeking partners to set up CBG plants. This initiative will support our CBG blending requirements, leverage existing natural gas infrastructure and in the long run reduce dependence on imported LNG," Avantika Singh, Managing Director of Gujarat Energy, told investors on Friday.