Investment Archives - Fuels of the Future Conference 2025 https://fuelsofthefuture.com/tag/investment/ Unlocking Business Opportunities | Navigating Energy Transition Fri, 22 Aug 2025 07:38:32 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.3 https://fuelsofthefuture.com/wp-content/uploads/2025/03/cropped-Untitled-design-2025-03-04T102518.205-32x32.png Investment Archives - Fuels of the Future Conference 2025 https://fuelsofthefuture.com/tag/investment/ 32 32 New biofuel policy to be implemented soon in Karnataka: KSBDB chief https://fuelsofthefuture.com/2025/08/22/new-biofuel-policy-to-be-implemented-soon-in-karnataka-ksbdb-chief/ https://fuelsofthefuture.com/2025/08/22/new-biofuel-policy-to-be-implemented-soon-in-karnataka-ksbdb-chief/#respond Fri, 22 Aug 2025 07:38:23 +0000 https://fuelsofthefuture.com/?p=2118 Gadag: Karnataka State Bioenergy Development Board (KSBDB) chairman SE Sudheendra stated that all preliminary activities for the formulation of a new biofuel policy in the state have already been completed.

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Gadag: Karnataka State Bioenergy Development Board (KSBDB) chairman SE Sudheendra stated that all preliminary activities for the formulation of a new biofuel policy in the state have already been completed. The new biofuel policy will be announced soon by the state govt, and guidelines for its implementation have already been prepared.

Inaugurating the Sadbhavana Day, Renewable Energy Day, and World Biofuel Day celebrations, organised by KSBDB at the Rural Development University on Wednesday, Sudhindra explained that an investment of over Rs 1 lakh crore is expected in the biofuel sector over the next five years. “This will create over three lakh direct and indirect jobs, increase the income of farmers’ families, and provide encouragement to young entrepreneurs. The coming five years will be crucial for the development of the biofuel sector in Karnataka,” he asserted.

Sadbhavana Day and Renewable Energy Day are celebrated to highlight the advancements in science, technology, information, and life sciences in the 21st century. The main aim of Renewable Energy Day is to raise awareness and consciousness about national unity, social harmony, and tolerance among people. It primarily focuses on educating students about renewable energy.

On this World Biofuel Day, the KSBDB has already been successfully implementing awareness programmes about biofuels in the state. In the current scenario, the enhancement and commercialisation of the biofuel sector are essential. Various states are leading in biofuel production, and the board must also formulate plans in this direction, he said.

Gadag deputy conservator of forests Santosh Kenchappannavar mentioned that the country has seen the Green Revolution and White Revolution. Now, the biofuel revolution will complement the country’s development. Previously, importance was given only to fuels produced from trees and plants. Recently, ethanol production from sugarcane has increased. Electricity is being generated from raw material obtained by burning sugarcane waste. The increased production of biofuel from sugar factories is strengthening the energy sector.

Reference : https://timesofindia.indiatimes.com/city/hubballi/new-biofuel-policy-to-be-implemented-soon-in-karnataka-ksbdb-chief/articleshow/123415557.cms?utm_

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Govt signs MoUs worth Rs5k cr to develop 2,357MW green power https://fuelsofthefuture.com/2025/07/28/govt-signs-mous-worth-rs5k-cr-to-develop-2357mw-green-power/ https://fuelsofthefuture.com/2025/07/28/govt-signs-mous-worth-rs5k-cr-to-develop-2357mw-green-power/#respond Mon, 28 Jul 2025 07:41:00 +0000 https://fuelsofthefuture.com/?p=2060 In a major push for clean energy, the state energy department on Saturday signed four memorandums of understanding (MoUs) with prominent power companies engaged in renewable energy and pumped storage to develop 2,357MW of green power, involving an estimated investment of Rs 5,337 crore.

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In a major push for clean energy, the state energy department on Saturday signed four memorandums of understanding (MoUs) with prominent power companies engaged in renewable energy and pumped storage to develop 2,357MW of green power, involving an estimated investment of Rs 5,337 crore.

The MoUs were formalised during the launch of two ambitious policies — the Bihar Policy for Promotion of New & Renewable Energy Sources 2025 and the Bihar Policy for Promotion of Pumped Storage Project 2025 — at an event held at Gyan Bhawan. These policies are aimed at fostering green energy development and attracting major investment into the sector.

The renewable energy policy is expected to unlock massive opportunities in solar, wind, biomass, and newer technologies like green hydrogen and pumped storage systems.

Energy minister Bijendra Prasad Yadav formally launched the two policies in the presence of industries minister Nitish Mishra, additional chief secretary of the industries department Mihir Kumar Singh, energy secretary Manoj Kumar Singh, and the managing director of Bihar State Power Generation Company Ltd (BSPGCL) Mahendra Kumar. Several industry leaders and public sector representatives were also present.

Among the MoUs signed, the BSPGCL partnered with L&T to establish a 116MW/241 MWh battery energy storage project at Kajra in Lakhisarai with an investment outlay of Rs 837 crore. It also signed an MoU with NTPC Green to develop a 1,000MW battery energy storage system (BESS) with an estimated cost of Rs 1,500 crore.

Separately, the Bihar Renewable Energy Development Agency (BREDA) inked an MoU with Avaada Group to develop 1,000 MW of ground-mounted and floating solar projects, subject to feasibility. BREDA also joined hands with SECI Ltd to set up floating solar and other renewable energy projects, cumulatively valued at Rs 3,000 crore.

Addressing a gathering of representatives from leading renewable energy firms, PSUs and industry stakeholders, energy minister Yadav urged investors to look towards Bihar’s growing potential.

“We want to tap solar energy, a non-conventional source, for Bihar’s development. For this, we have introduced a new policy. The policy is aimed at protecting our future generations. We need investment in the renewable energy sector for the country’s development and the creation of employment opportunities,” Yadav said.

He added, “We must reduce carbon emissions to mitigate the effects of global warming and safeguard human lives.”

Urging industry not to be swayed by isolated incidents of crime, Yadav said, “Come and invest in Bihar. If required, we are open to amending the policy in future. Don’t judge the state by a few incidents. Bihar has made significant progress.”

Reference : https://timesofindia.indiatimes.com/city/patna/govt-signs-mous-worth-rs5k-cr-to-develop-2357mw-green-power/articleshow/122924941.cms?utm_

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