Punjab to become Bio-Refinery leader in next two years

SAS NAGAR (MOHALI): The Progressive Punjab Investor Summit 2015 today culmination of yearlong efforts by Bikram Singh Majithia, Renewable Energy Minister Punjab that brought largest ever bio-refinery in the wheat bowl of the country that would solve the end of chronic problem of wheat and paddy straw burning besides enriching farmers who would be paid for agro-based. Punjab today in the summit inked a Memorandum of Understanding (MoU) for setting up of bio-ethanol refinery with a consortium of Beta Renewables, Novozymes and CVC India Infrastructure Pvt. Ltd., for an estimated project worth Rs 950 crore. This would go a long way in tackling the major problem of paddy straw burning, resulting in irreparable loss to land’s fertility and environment.
The Summit also witnessed inking of 12 MoUs worth Rs.21,305crore including300 MW solar plant and 150 MW solar plant with Neuron Power Solutions Pvt. Ltd., Biomass Power Plant by Sukhbir Agro Energy Ltd., 100 MW waste to Energy Projects by AG Dauters Consulting Pvt. Ltd., 100 MW power generation unit by Navrattan Group, Co-Generation Power Plant by Indian Sucrose Ltd. and 50 MW solar power plant by Imperial Solution Pvt. Ltd. The promoters of K Krishnan Chairman CVC India Infrastructure Pvt. Ltd. profusely thanked Bikram Singh Majithia, who presented them a conceptual plan to set up Asia’s first ever Rs 950-crore second generation bio-ethanol, producing refinery leading to setting up of five more such refineries with $1-billion investment and pursued them to venture into greenfield area that’s a its culmination today into a MoU. The delegates were informed that Punjab was all set for major ‘revolution’ in ‘Renewable Energy’ sector owing to several key initiatives including investor friendly New & Renewable Energy Policy, unique Net Metering Roof Top policy, Farmers solar power scheme and Village Panchayat Land lease Policy taken by the State government. It was also said that with these initiatives Punjab has become ‘Sun State of India’.