Clean energy providers CEF Group has signed a memorandum of understanding (MoU) with the government of Uttar Pradesh to establish multiple waste processing plants at various locations in Uttar Pradesh
. Under the agreement, CEF Group will invest INR 650 crore ($78.6 million) in setting up waste processing plants at multiple locations, generating employment for approximately 240 people. The plant will address the problem of waste mismanagement and augment bio-fuel production.
CEF group will convert municipal solid waste, agricultural waste, industrial waste like press mud from sugar mills, and other organic wastes into bio-fuels and allied products. The projects will come in phases, with construction starting by the end of 2023.
Different municipalities of Uttar Pradesh will provide the waste and land. At the same time, offtake arrangements will be signed for the bio-CNG, organic manure, or city compost produced in the CEF waste processing plants.
Maninder Singh Nayyar, CEO of CEF Group, said, “This agreement will prove beneficial for the entire state in various regards. One, it will help the state to process its waste scientifically. Another, it will boost bio-fuel production in the state, making Uttar Pradesh emerge as a leading advocate of the central government’s ‘Green Growth’ vision. Also, it will foster new employment opportunities for the locals. CEF intends to set up municipal solid waste processing plants on one side. Organic waste processing plants with captively grown Napier grass will also be utilized, bringing stable earnings for farmers.”
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: email@example.com.