IBA urges MNRE to provide financial support for energy project
POWER & RENEWABLE ENERGY

IBA urges MNRE to provide financial support for energy project

The Ministry of New & Renewable Energy (MNRE) has been requested by the Indian Biogas Association to increase the central financial assistance provided under the waste to energy programme to Rs 950 crore. An initial budget of Rs 478 crore had been set aside by the government.

The Central Financial Assistance (CFA) under the "Waste to Energy Scheme" has been proposed by the Indian Biogas Association (IBA) to be doubled to Rs 950 crore.

According to the notification published on February 28, 2020, the MNRE granted around Rs 478 crore for 257 MWeq under the CFA awards in 2019–20.

According to the statement, this Rs 478 crore allocation is far less than the CFA/subsidy required to reach the target under the SATAT (Sustainable Alternative Towards Affordable Transportation) initiative, which aims to create 5,000 large-scale Bio-CNG/CB plants.

Also read:
Power minister expects energy crisis to persist
IEA suggests need for policy intervention in energy use


The Ministry of New & Renewable Energy (MNRE) has been requested by the Indian Biogas Association to increase the central financial assistance provided under the waste to energy programme to Rs 950 crore. An initial budget of Rs 478 crore had been set aside by the government. The Central Financial Assistance (CFA) under the Waste to Energy Scheme has been proposed by the Indian Biogas Association (IBA) to be doubled to Rs 950 crore. According to the notification published on February 28, 2020, the MNRE granted around Rs 478 crore for 257 MWeq under the CFA awards in 2019–20. According to the statement, this Rs 478 crore allocation is far less than the CFA/subsidy required to reach the target under the SATAT (Sustainable Alternative Towards Affordable Transportation) initiative, which aims to create 5,000 large-scale Bio-CNG/CB plants. Also read: Power minister expects energy crisis to persistIEA suggests need for policy intervention in energy use

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement