BS
State-owned Punjab Energy Development Agency (PEDA) has signed an agreement with GAIL (India) Limited to set up 10 compressed biogas projects and other new and renewable energy projects in the state.
The memorandum of understanding (MoU) was signed by PEDA CEO Amarpal Singh and GAIL (India) Executive Director RK Singhal, an official release said.
Punjab New and Renewable Energy Sources (NRES) Minister Aman Arora said the pact will help the state to manage five lakh tonnes of paddy straw per annum and generate clean energy out of it.
Punjab is an agrarian state, and it has immense potential for crop residue-based CBG plants, he said, adding that the Punjab government’s business-friendly policies are helping in facilitating companies to set up their industries in the state.
