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    IndiaNexGen Energia plans to invest Rs 15,000 cr over 10 yrs to...

    NexGen Energia plans to invest Rs 15,000 cr over 10 yrs to open 5,000 green diesel, CBG pumps

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    NL Corresspondent

    NOIDA: Green energy solutions company NexGen Energia plans a Rs 15,000 crore investment to open 5,000 green diesel and compressed biogas (CBG) pumps in the country over the next 10 years.

    The Noida-based company recently inaugurated its first CBG pump in Mau district in Uttar Pradesh, marking its entry to execute engineering, procurement, and construction (EPC) services in the clean energy sector.

    “The company's commitment to clean energy goes far beyond this single pump. Plans are afoot to open a total of 5,000 green diesel and CBG pumps across the country in multiple phases over the next 10 years, with each pump costing around Rs 3 crore. In this manner, we are set to invest Rs 15,000 crore in the green energy sector,” NexGen Energia Chairman Piyush Dwivedi told PTI.

    “Furthermore, this initiative will create approximately 5,000 new entrepreneurs and provide direct and indirect employment to over 10 lakh people. Our goal is to make self-reliant in the green energy sector, thereby reducing fuel imports by about 30 per cent,” Dwivedi said.

    He said the company's vision goes beyond merely providing clean fuel as it is actively working to build a robust infrastructure to facilitate a sustainable future for transportation in India.

    “This significant expansion is expected to attract a substantial investment into the Indian , which will spur significant economic growth,” the chairman added.

    Earlier in April, Nexgen Energia's e-mobility arm NGE launched its affordable fleet of two-wheeler electric  vehicles (EVs), with prices starting at Rs 36,999.

     

     

    Northlines
    Northlines
    The Northlines is an independent source on the Web for news, facts and figures relating to Jammu, Kashmir and Ladakh and its neighbourhood.

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