HomeNewsBusinessEconomyGovt mulls Rs 10,000 cr bioenergy mission from next fiscal

Govt mulls Rs 10,000 cr bioenergy mission from next fiscal

"The Ministry of New and Renewable Energy is working on an integrated bioenergy mission with an indicative outlay of Rs 10,000 crore from 2017-18 to 2021-22," a senior official said.

June 14, 2016 / 15:54 IST
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The Centre is planning to launch an integrated bioenergy mission with an outlay of Rs 10,000 crore from next fiscal to enhance use of bio-fuels like ethanol and biogas for reducing consumption of fossil fuels.

"The Ministry of New and Renewable Energy is working on an integrated bioenergy mission with an indicative outlay of Rs 10,000 crore from 2017-18 to 2021-22," a senior official said.

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The objective of the mission would be to reduce green house gases emissions as agreed in the Nationally Determined Contributions at COP21.

The Centre wants to achieve this objective by progressive blending or substitution of fossil fuels such as coal, petrol, diesel, natural gas and LPG with biomass pellets, bio-ethanol, bio-diesel, bio-methane, and similar green fuels, both for electrical and non-electrical uses.