JBM Renewables has inked a memorandum of understanding (MoU) with the Ministry of Petroleum and Natural Gas (MoPNG) for setting up 500 compressed biogas (CBG) projects across India.
JBM Renewables has been shortlisted and is among the four companies that have been identified by the government for the biogas programme. It will work jointly with MoPNG on the Sustainable Alternative Towards Affordable Transportation (SATAT) programme. According to MoPNG, the country is likely to see investments worth Rs 2 trillion to set up 5,000 CBG units across the country.