Nexgen Energia to invest Rs 3,000 cr to set up CBG plant in Gujarat

Sustainable energy solutions company Nexgen Energia on Wednesday said it will invest around Rs 3,000 crore to set up a compressed biogas (CBG) plant in Gujarat.

The company presented a proposal for its investments in the state during a meeting with Gujarat Chief Minister Bhupendrabhai Patel.

After the commencement of the CBG plant, it will start supplying compressed biogas directly to the CNG pumps, the company said.

An investment of Rs 3,000 crore has been agreed upon in the combined projects (CBG and EV), and with the commencement of the CBG plant, the company would start CNG supply directly to the pumps, he added.

Nexgen Energia has already set up CBG plants in Punjab, Uttar Pradesh, and Haryana. 

During the Investors Summit in Uttar Pradesh, the company also proposed large-scale investments in the state, he added.