Mumbai : EverEnviro Resource Management Pvt Ltd, India’s leading renewable energy company, today announced it has been empanelled by Indraprastha Gas Ltd (IGL) to set up multiple compressed biogas (CBG) plants in India. The empanelment letter was officially handed over to EverEnviro team during the ongoing India Energy Week 2024 in the presence of senior IGL officials.
This letter is signed under CGD Synchronisation scheme and the compressed bio gas produced at EverEnviro’s plants will be directly fed into IGL’s city gas distribution network.
Mahesh Girdhar,MD and CEO, EverEnviro Resource Management Pvt Ltd said, “We are honoured to be empanelled by IGL, a leading natural gas distribution company, to play a major role in increasing the availability of sustainable compressed biogas for India’s clean energy transition. This partnership reflects our shared commitment to turning waste into a valuable energy resource for the nation.”
The empanelment ceremony was presided over by Praveen Mal Khanooja, Additional Secretary at the Ministry of Petroleum and Natural Gas, along with IGL Managing Director K.K. Chatiwal, Director (Commercial) Pawan Kumar, and other dignitaries.
In September 2023, Indian Oil Corporation Ltd (IOCL) sealed a joint venture with EverEnviro to form a 50:50 partnership for setting up additional CBG plants nationwide. EverEnviro is already executing about 20 CBG projects across the states of Madhya Pradesh, Uttar Pradesh, Delhi, and Punjab with a significant capital investment of nearly Rs 2,000 Crores which will result into a robust output of 320 metric tons expected per day of CBG.
About EverEnviro Resource Management Pvt Ltd:
EverEnviro Resource Management Private Limited is India’s leading Renewable Natural Gas producer in India Established in 2019 by Eversource Capital, EverEnviro offers comprehensive solutions for the management of various waste streams, including urban municipal waste, agro waste and hazardous waste. The company is committed to employing cutting-edge technologies to optimize waste management processes and contribute to a sustainable future.
Eversource Capital is an equal joint venture between Everstone Group (www.everstonegroup.com), one of Asia’s premier investment managers with assets in excess of US$7 billion across private equity, sustainability and climate impact, logistics, digital and venture capital; and Lightsource bp, a global leader in development and management of solar energy projects.
Eversource manages Green Growth Equity Fund (‘GGEF’) which is India’s largest climate impact fund with anchor investments from India’s National Investment and Infrastructure Fund (NIIF) and UK Government’s Foreign, Commonwealth and Development Office (FCDO).
