NexGen Energia plans to invest Rs 15 Tn over 10 years
08 Jul 2024
2 Min Read
CW Team
Green energy solutions company NexGen Energia is set to invest Rs 15 trillion to establish 5,000 green diesel and compressed biogas (CBG) pumps across India over the next decade. The Noida-based firm recently launched its first CBG pump in Mau district, Uttar Pradesh, marking its entry into engineering, procurement, and construction (EPC) services in the clean energy sector.
"The company's commitment to clean energy extends far beyond this single pump. We plan to open a total of 5,000 green diesel and CBG pumps nationwide in multiple phases over the next 10 years, with each pump costing approximately Rs 300 million. This will amount to an investment of Rs 15 trillion in the green energy sector," NexGen Energia Chairman Piyush Dwivedi told PTI.
"Moreover, this initiative will create around 5,000 new entrepreneurs and provide direct and indirect employment to over one million people. Our aim is to make India self-reliant in the green energy sector, thereby reducing fuel imports by about 30%," Dwivedi added.
He emphasised that the company's vision goes beyond providing clean fuel, as it is actively working to build robust infrastructure to support a sustainable future for transportation in India.
"This significant expansion is expected to attract substantial investment into the Indian economy, driving significant economic growth," the chairman noted.
In April, Nexgen Energia's e-mobility arm, NGE, launched an affordable fleet of two-wheeler electric vehicles (EVs), with prices starting at Rs 36,999. The company aims to achieve sales exceeding Rs 5 billion this financial year and establish over 500 dealers and distributors, generating around 50,000 direct and indirect employment opportunities in the EV sector.
Plans are also underway to introduce electric trucks and buses, further solidifying the company's commitment to sustainable mobility solutions.
Green energy solutions company NexGen Energia is set to invest Rs 15 trillion to establish 5,000 green diesel and compressed biogas (CBG) pumps across India over the next decade. The Noida-based firm recently launched its first CBG pump in Mau district, Uttar Pradesh, marking its entry into engineering, procurement, and construction (EPC) services in the clean energy sector.The company's commitment to clean energy extends far beyond this single pump. We plan to open a total of 5,000 green diesel and CBG pumps nationwide in multiple phases over the next 10 years, with each pump costing approximately Rs 300 million. This will amount to an investment of Rs 15 trillion in the green energy sector, NexGen Energia Chairman Piyush Dwivedi told PTI.Moreover, this initiative will create around 5,000 new entrepreneurs and provide direct and indirect employment to over one million people. Our aim is to make India self-reliant in the green energy sector, thereby reducing fuel imports by about 30%, Dwivedi added.He emphasised that the company's vision goes beyond providing clean fuel, as it is actively working to build robust infrastructure to support a sustainable future for transportation in India.This significant expansion is expected to attract substantial investment into the Indian economy, driving significant economic growth, the chairman noted.In April, Nexgen Energia's e-mobility arm, NGE, launched an affordable fleet of two-wheeler electric vehicles (EVs), with prices starting at Rs 36,999. The company aims to achieve sales exceeding Rs 5 billion this financial year and establish over 500 dealers and distributors, generating around 50,000 direct and indirect employment opportunities in the EV sector.Plans are also underway to introduce electric trucks and buses, further solidifying the company's commitment to sustainable mobility solutions.
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