Daily News Wrap-Up: MNRE Changes CFA Rate for Biomass Pellet Production
MyPickup raises ₹15 million in seed funding led by Inflection Point Ventures
July 19, 2024
Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights
The Ministry of New and Renewable Energy has revised the Central Financial Assistance (CFA) rates for biomass pellet manufacturing units under the National Bioenergy Program. The program has been promoting the production of briquettes, pellets, and biomass (non-bagasse)-based cogeneration in industries from the financial year 2021-2022 and will be in force to 2025 – 2026. According to the November 2022 notification, the CFA rate for briquettes or pellet manufacturing plants was ₹0.9 million (~$10,767) per MTPH manufacturing capacity with a maximum CFA of ₹4.5 million (~$53,832.6) per plant.