Chhattisgarh signs MoU to set up Indias 1st ethanol plant under PPP model – Business Standard

Chhattisgarh government on Tuesday signed a contract execution (MoU) for the country’s first plant to be set up in the state under the public-private partnership (PPP) model.

As per the official release, the contract was signed by Bhoramdev Cooperative Sugar Factory Kawardha and Chhattisgarh Distillery Limited’s subsidiary NKJ Biofuel for a period of 30 years.

Speaking on the occasion, Chief Minister Bhupesh Baghel said that setting up of plant will prove to be important in ensuring timely payment of sugarcane price to farmers and ensuring full utilization of sugar factory capacity.

“The establishment of the plant will generate direct and indirect employment opportunities and will form the basis for economic prosperity in the region. The present government of Chhattisgarh has kept the issues related to farmers and their development work paramount. The State government was the first to waive the agricultural loans and in view of the interest of the sugarcane farmers, the ethanol plant is being set up by the PPP model as a permanent solution to the economic hardship of sugar factories,” Baghel said.

He added that this is the first example in the country to set up an ethanol plant by PPP model, and Chhattisgarh will also have an important contribution in the production of biofuels in the country by setting up an ethanol plant in the state.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Leave a Reply

Your email address will not be published. Required fields are marked *