Govt rolls out GOBARdhan rules with assured CBG offtake, 10-year price support

The government has introduced the GOBARdhan rules, which provide a guaranteed market for Compressed Biogas (CBG) producers and a 10-year price support. This move aims to create a more stable business environment for the CBG industry, addressing concerns over buyers and financing. The rules are part of the Rs 23,731-crore GOBARdhan scheme, which seeks to convert agricultural waste and other organic materials into energy. This development is expected to boost the growth of the CBG industry and contribute to India's renewable energy goals.

Why it matters

The government's GOBARdhan scheme provides a predictable business model with assured offtake and price support. This could increase investor confidence and encourage growth in the industry.

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