LR Energy is installing multiple projects across various locations in North India, producing an impressive CBG of 5000+ Metric Tons Per Annum (MTPA). The company is now preparing for an ambitious expansion, adding over 20 projects to its green portfolio with a cumulative investment of INR 600 Crores.
The project address the below Sustainable Development Goals (SDGs):
SDG #7: Affordable and Clean Energy
SDG #8: Decent Work and Economic Growth
SDG #9: Identity Innovation and Infrastructure
SDG #13: Climate Action
“This significant step towards sustainable energy underlines our commitment to aligning with national initiatives and fostering a cleaner, greener future for India. We're not just investing in CBG; we're investing in a sustainable and resilient future for our nation.
"Together, we power progress and sustainability,” said GS Barara Director & CEO of LR Energy.
LR Energy's vision aligns with supporting the Indian government's goal of transforming the nation into a gas-based economy. The company's rapid expansion in the CBG segment is set to make a substantial contribution to India's energy mix. This initiative aims to enhance agriculture waste management, generate employment, and provide farmers with remunerative income.
LR Energy's commitment to sustainability is underscored by a 15-year long-term commercial sales agreement with Indian Oil Corporation Limited and a Tripartite Agreement with GAIL India and GAIL Gas Limited, ensuring a comprehensive offtake of Compressed Biogas.
Aligned with national initiatives like the SATAT scheme, GOBARDhan initiative, Swachh Bharat Mission, COP28 commitments, Global Biofuel Alliance and supporting the vision of AtmaNirbhar Bharat, LR Energy's investment in CBG signifies a holistic approach towards a cleaner, greener future for India.
