Prospective Investors Meet on UP Bio-Energy Policy-2022

Rahul Jain

An interaction meet with potential investors was organized on October 15, 2022, by Uttar Pradesh New & Renewable Energy Development Agency (UPNEDA), to discuss the newly launched bioenergy policy of the state. The one-day event took place at the UPNEDA training center in Lucknow. Essentially, the policy intends to attract an investment of about Rs 5,500 crore in the state during the next five years, Anupam Shukla, Director, UPNEDA, told this reporter.

Details of the UP Bioenergy policy were shared through a detailed presentation by Ajai Kumar, Bioenergy in-charge, UPNEDA. The event also curtailed the online bioenergy portal which has been developed as a single window clearance system by Omni Net in association with UPNEDA.

Furthermore, the event witnessed presentations on bioethanol, compressed biogas, and bio-pellets from representatives of oil marketing companies like Indian Oil, HPCL, and private players like Ever Enviro Resource Management Pvt. Ltd. and Satyajeet renewables Pvt. Ltd. Additionally, to familiarize investors with the bioenergy technologies and related financial models, success stories from Vipul Industries, Bansal Biomass, and Chem Energy were discussed as well.