To curb stubble burning, the Punjab Government has signed a Memorandum of Understanding (MoU) with a Chennai-based company to set up 400 processing plants for converting paddy straw into bio energy in the State.
A statement from the Government said the plants will become operational before the next paddy season, thus preventing recurrence of the environmental hazard triggered by stubble burning in the current season.
The MoU was signed on behalf of Punjab Government by RK 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 10,000 crore over the next 10 months.
The State Government will facilitate and support the project to ensure its successful operation within the next 10 months. 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.
The technology will provide sustainable solution to the environmental problems caused by burning of paddy residue in the State, according to an official spokesperson.
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 50,000 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 subsidised tariff rate, as well as other applicable incentives, as per the new industrial policy.
The highly saleable carbon rich fuel produced by the conversion of paddy straw will find application in diverse industries, including cement, iron & steel, sugarcane, paper, thermal power plants and methanol/ethanol production.
The spokesperson said Capt Amarinder directed the department to ensure that the project is implemented in a time bound manner.