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Gujarat Energy to foray into compressed bio-gas space with ₹100 crore investment; seeks JV partners

Reported by: BusinessLine ·

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GUJARAT ENERGY

Summary

BusinessLine reported that Gujarat Energy plans to enter the Compressed Bio-Gas (CBG) space with an estimated investment of about ₹100 crore. The Gujarat government-owned PSU has issued an expression of interest inviting joint venture partners to set up and run CBG plants. A PSU is a public sector undertaking, a company owned by the government. An expression of interest is a public notice asking interested parties to come forward before a formal partnership is worked out. A joint venture is a business run by two or more partners who share the investment and the running of it. Compressed Bio-Gas is gas produced from farm and organic waste and compressed for use as fuel. The report gives the estimated investment and the partner route, but not the number of plants, the locations or a timeline.

AI summary of what BusinessLine reported. AI can make mistakes. Read the full story on BusinessLine

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BusinessLine  · · Tone 0

Gujarat Energy to foray into compressed bio-gas space with ₹100 crore investment; seeks JV partners

The Gujarat government-owned PSU has issued an expression of interest inviting JV partners to set up and run CBG plants, with an estimated investment of about ₹100 crore

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