GEF-MNRE-UNIDO Launchloan interest subvention scheme for demonstration of innovative industrial organic waste to energy biomethanation projects and business models
A GIS based inventory tool of organic waste streams also unveiled
Aims to promote investment in renewable energy technologies by transforming the market for using urban and industrial organic waste
MNRE in association with UNIDO and GEF launched the loan interest subvention scheme for demonstration of innovative industrial organic waste to energy biomethanation projects and business models. A GIS based inventory tool of organic waste streams was also unveiled.
The United Nations Industrial Development Organization (UNIDO) and the Ministry of New and Renewable Energy (MNRE), Government of India (GOI) launched the Global Environment Facility (GEF) funded loan interest subvention scheme that provides financial assistance to innovative waste to energy biomethanation projects and business models. The industrial organic waste-to-energy bio-methanation projects are generally capital intensive and financially sensitive to both operating costs, including waste availability, and revenue, particularly biogas yield and its utilization scenario. Innovations in such projects seek to improve overall energy output thereby minimizing the cost of energy generation but may lead to increase in the initial project cost at the establishment stage yet increase revenue and reduce operating costs over project’s lifetime. The loan scheme provides financial assistance to beneficiaries to reduce the financial burden on account of interest on the loan component faced by such demonstration projects.
A GIS based inventory tool of organic waste streams developed under the GEF-MNRE-UNIDO project was also launched during the webinar. The tool provides district level estimates of available urban and industrial organic wastes and their energy generation potential across India. The GIS tool will enable SME’s and project developers to set up new waste to energy projects and may facilitate the rapid growth of biomethanation in waste-to-energy sector in the country.
The webinar also showcased success stories of biomethanation projects in India and was followed by a panel discussion on ‘Innovations in biomethanation technology and business models – Key potential accelerator of waste-to-energy sector growth in India’ and sharing of experience on technology, business models, policies and regulatory framework and project financing to foster SME’s contribution in the sector in India.
At the event Dr René Van Berkel UNIDO Representative, Regional Office in India gave the welcome address. Mr Dinesh DayanandJagdale Joint Secretary, Ministry of New & Renewable Energy gave the opening remarks and launched the Financial Support Scheme and the GIS tool for mapping organic waste availability . MrPradip Kumar Das Chairman & Managing Director, IREDA presented keynotes. Subsequently Mr. Nikhil Khot. National technical expert, UNIDO gave a presentation on Loan Interest Subvention for the demonstration of innovative bio-methanation technologies and business models.