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New Delhi, 12th June 2024: Green Power International Pvt. Ltd. and Ecofinity Solutions Pvt. Ltd. signed a Memorandum of Understanding for collaborating on promoting Compressed Biogas (CBG) initiatives, marking a significant step towards sustainable energy development. The partnership aims to leverage Ecofinity’s expertise to accelerate the adoption of CBG as a clean alternative fuel.
The MoU outlines the framework for cooperation between the two companies, focusing on joint efforts in the production, distribution, and utilization of CBG. Together the companies shall offer turnkey EPC solutions for CBG generation on various feedstocks based on pioneering new-age technology along with comprehensive long-term O&M. The partnership aims to promote the global pursuit of a sustainable and eco-friendly planet. The MoU signing ceremony was held at Green Power International’s head office and attended by top management from both companies.
Mr Ashu Jain, Executive Director, Green Power International said, “It is a significant milestone for Green Power International for offering Turnkey EPC Solutions in the field of Green Energy. We are convinced that CBG is a sure-shot way to reduce carbon emissions in a sustainable manner. CBG is not just a green fuel, there are many more possibilities with this and at Green Power International we will keep striving to work towards providing carbon-negative and carbon-neutral solutions.”
Mr Varun Puri, Managing Director at Green Power International said, “Ecofinity cutting-edge technology and technical expertise, alongside our excellent project execution capabilities, will help improve the efficiency of CBG generation across the globe. This step extends our contribution to a decarbonized economy by offering end-to-end CBG solutions, adding to the successful demonstration of first-of-its-kind Hydrogen and CO2 capture projects executed over the past couple of years.”
Mr Vinayaka Kashyap, CEO at Ecofinity said, “With this collaboration, our clients shall stand to benefit from the rich experience and advanced cutting-edge technologies in Bio-energy business brought by Ecofinity backed up by Green Power’s excellent EPC capabilities in project execution. This will set a new era in the Bio-energy industry in India taking us closer to the nation’s vision of Atma-Nirbhar Bharat.”
Mr Prashant Bahirgonde, Director at Ecofinity said, “Ecofinity & Green Power collaboration is a substantive step towards achieving ‘Carbon Negative’ energy generation and usage. The collaboration aims at providing the Indian market the much-needed self-sustenance in energy security in the long term and simultaneously meeting the upcoming global emission norms. We hope to drive our business interests and efforts in offering the most efficient and versatile technologies.”
CBG is a mixture of hydrocarbon gasses and vapour produced by decomposing plant and animal waste. Given the abundance of biowaste available within the country, CNG can be replaced as a cleaner alternative in automotive, industrial, and commercial areas. Beyond reducing greenhouse gas emissions and air pollution, CBG underscores the commitment to circular economy principles and effective waste management. As the globe looks to adopt cleaner energy options, schemes such as these can be a symbol of hope and inventiveness for a better future.
