As part of the government’s bid to encourage renewable energy sources for power generation in India, the Ministry of New and Renewable Energy (MNRE) plans to create a company to promote and execute biomass-based power projects in the country.

The company would be similar to the Solar Energy Corporation of India (SECI), which was established in September 2011. The SECI’s aim to set up state-sponsored solar power projects in the country.

According to MNRE data, India’s current biomass availability is estimated at around 500m tones per year, while studies have estimated surplus biomass availability at between 120-150m tonnes per annum, from both agricultural and forestry residues.

This is estimated to represent 18 000 MW of potential power generation.

The ministry has set a target to achieve 30 000 MW of installed renewable energy generation capacity in India in the current five-year plan. However, the estimated investment is estimated at Rs 2.5 lakh crore.

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