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Punjab: MoU signed with private firm to prevent stubble burning next year

By Nimrat Kaur -- November 16, 2017 2:13 pm

Punjab government has signed a Memorandum of Understanding (MoU) with a Chennai-based company to set up 400 processing plants that will convert paddy straw into bio energy in the state.

The plants will become operational before paddy season 2018.

The MoU was signed on behalf of Punjab government by R.K. Verma, CEO, Punjab Bureau of Investment Promotion, and K. Iyyapan, MD of NEWAY. Under the MoU, the plants will be set up by NEWAY Engineers MSW Private Limited with a total investment of Rs 10000 crore over the next 10 months.

The State Government will facilitate and support the project to ensure its successful operation. The project will also provide direct employment to about 30,000 youth in the unskilled and semi-skilled categories.

The company will use its breakthrough and patented pollution-free Zero Residue Technology to ensure that there is no residue left behind at the end of the process, thus preventing any land filling.

Under the agreement, the company will set up 400 cluster units for the 20 million tonnes of paddy straw expected to be generated in the state in a season. Each unit will have the capacity to process 50,000 tonnes through the year, or 150-175 tonnes per day per unit.

The Punjab government will allocate 7 acres of land for each cluster point, of which 4-5 acres would be used for storing 50000 tonnes of paddy straw through the year under the project, which will a concession period of 33 years. The state government will also provide to the company power at subsidized tariff rate, as well as other applicable incentives, as per the new industrial policy.

-PTC News

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