NexGen Energia Pumps Up Investment in Green Energy Sector
NexGen Energia, a Noida-based company in India's Uttar Pradesh state, is making a major push into clean energy with a ₹15,000 crore investment plan over the next decade. This ambitious project aims to establish 5,000 green diesel and compressed biogas (CBG) pumps across India.
Key Takeaways
NexGen Energia to invest ₹15,000 crore in 5,000 green diesel and CBG pumps across India.
Initiative aims to reduce India's fuel imports by 30% and boost green energy adoption.
Project expected to create 5,000 new entrepreneurs and over 10 lakh jobs.
Company's e-mobility arm also pushing electric vehicles with affordable two-wheelers and plans for electric trucks and buses.
Building a Greener Future
NexGen Energia's first CBG pump in Mau district, Uttar Pradesh, marks their entry into the clean energy sector. This investment highlights their commitment to reducing India's dependence on fossil fuels and promoting self-reliance in green energy.
Each pump is estimated to cost around ₹3 crore, creating opportunities for new entrepreneurs and generating employment. The project is expected to create approximately 5,000 new entrepreneurs and over 10 lakh direct and indirect jobs.
Sustainable Transportation Solutions
The company is also dedicated to building a sustainable transportation infrastructure in India. Their e-mobility arm recently launched affordable electric two-wheelers, aiming for sales exceeding ₹500 crore this year.
They plan to establish a network of over 500 dealers and distributors, creating around 50,000 jobs in the electric vehicle sector. Also, NexGen Energia has plans to introduce electric trucks and buses, further expanding their portfolio of sustainable mobility solutions.
This comprehensive approach positions NexGen Energia as a leader in India's clean energy transition. Their multi-pronged strategy – from green fuel pumps to electric vehicles – signifies a promise of a cleaner and more sustainable future for India's transportation sector.
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Source: Times of India
