Under Sustainable Alternative Towards Affordable Transportation (SATAT) initiative, Public Sector Oil Marketing Companies (OMCs), Gail (India) Limited (GAIL) and Indraprastha Gas Limited (IGL) have issued 443 numbers Letters of Intent (LoIs) as on 29.11.2019 for setting up Compressed Bio Gas (CBG) plants in the country.
Under this initiative entrepreneur is responsible for arranging finance for setting up CBG plants.
Ministry of Petroleum and Natural Gas has taken up the issue of bank financing of CBG plants with Ministry of Finance and Reserve Bank of India. Ministry has been reviewing progress of SATAT to facilitate setting of CBG plants.
Compressed Bio-Gas (CBG) can be produced from biomass and organic waste sources. Compressed Bio-Gas has properties similar to the commercially available natural gas and can be used as an alternative renewable fuel. Government of India has launched Sustainable Alternative Towards Affordable Transportation (SATAT) initiative on 1.10.2018 to promote CBG as an alternative, green transport fuel for efficient management of biomass and organic waste.