Oil India and Hindustan Waste Treatment Launch Joint Venture for Bioenergy Projects
Oil India's OGEL, HWT sign JV for bioenergy, waste management
Asianet Newsable
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Oil India Ltd's subsidiary, OIL Green Energy Ltd, has formed a joint venture with Hindustan Waste Treatment Pvt Ltd to develop bioenergy and sustainable waste management projects in India. The partnership aims to enhance India's clean energy transition through initiatives in compressed biogas and waste-to-energy.
- 01The joint venture will be a 50:50 partnership focusing on compressed biogas (CBG) and waste-to-energy projects.
- 02OGEL aims to lead Oil India's initiatives in renewable energy, particularly in CBG and sustainable waste management.
- 03Hindustan Waste Treatment Pvt Ltd specializes in biogas technology and has operated a municipal solid waste-based biogas plant in North Goa for over a decade.
- 04The collaboration supports India's goals of energy self-reliance and a circular economy.
- 05Both companies are confident that their combined expertise will foster scalable clean energy solutions in India.
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Oil India Ltd's wholly owned subsidiary, OIL Green Energy Ltd (OGEL), has entered into a joint venture agreement with Hindustan Waste Treatment Pvt Ltd (HWT) to develop integrated bioenergy and sustainable waste management projects in India. This partnership will establish a 50:50 joint venture company aimed at exploring opportunities in compressed biogas (CBG), waste-to-energy, and related sustainable infrastructure projects, aligning with India's clean energy transition and circular economy objectives. OGEL was created to spearhead Oil India's strategic initiatives in renewable energy, particularly focusing on CBG. HWT brings significant expertise in the biogas sector, having operated a municipal solid waste-based biogas plant in North Goa for over ten years. The collaboration is expected to leverage OGEL's energy sector experience alongside HWT's technological capabilities to contribute to India's vision of Atmanirbharta (self-reliance) and energy independence.
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The joint venture is expected to enhance local waste management practices and contribute to renewable energy generation in India.
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