Essar ₹5,100 Crore Bio-Fuel MoU with Gujarat Signed
Why in the news
Essar Future Energy Limited agreed with the Gujarat government to put money into a big bio-fuel facility, seen as a boost to renewable energy in the state.
Key facts
- Investment: ₹5,100 crore.
- Location: Devbhumi Dwarka district, Gujarat.
- Initial feedstock processing capacity: 1 million tonnes per annum (MTPA).
- Venue of signing: Vibrant Gujarat Regional Conference (VGRC), Rajkot, in the presence of senior state ministers and officials.
Significance
- Adds to Gujarat’s renewable energy push through large-scale bio-fuel capacity.
Exam angle
- Company: Essar Future Energy Limited; amount: ₹5,100 crore.
- District: Devbhumi Dwarka; capacity: 1 MTPA initially.
- Event: VGRC held in Rajkot.