MNRE (Ministry of New and Renewable Energy) in association with UNIDO and GEF has 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 Global Environment Facility (GEF) funded loan interest subvention scheme 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.
