VayuGrid, engaged in building affordable bioenergy supply chains, announced that it had entered into an MoU with New Renewable Energy Development Corporation of Andhra Pradesh to develop panchayat-level bioenergy zones in the state for green power generation. This would include power generation facilities, bioenergy green coal plantation supply chain and biofuel processing infrastructure necessary to meet the low-cost production of clean energy.
Each of these panchayat-level BEZs established on wastelands are optimised to generate 10 MW and 14 million litres of biodiesel, along with nearly 1,400 farm labour jobs through the 60-year productive life of the BEZ.
Kamalakar Babu, Chairman and Managing Director, NREDCAP, said, “We are taking our collective learning to do bioenergy in a better and more effective manner.”
Andhra Pradesh has a total of over 60 lakh acres of wastelands spread over seven districts. Of these, the state is looking at districts such as Cuddappah, Kurnool, Chittoor and Anantpur as initial districts to establish such BEZs. “The goal of the MoU is to replicate the panchayat-level BEZ of 10 MW to reach 1,500 MW capacity over the next 10 years to increase rural energy access, create jobs, and make wastelands a productive asset for the state,” Babu added.
Each wasteland-based BEZ will attract investment of $20 million, which will be brought in by VayuGrid along with its partners. Additionally, each cluster becomes a huge carbon sink, sequestering nearly 30,000 tonnes of carbon annually, thus making each BEZ eligible for carbon credit and become a significant player in the Cap & Trade scheme, leading the pollution regulation market even while the state aims for fast and speedier economic growth.
“We are pleased to be recognised as the leading bioenergy solution to be deployed across the state by Andhra Pradesh, which is reputed for its clean energy portfolio,” said Doug Peterson, CEO, VayuGrid.
VayuGrid has developed patent pending IP in elite, second generation Pongamia trees as a biofuel feedstock known as VayuSap. The VayuSap, which grows on marginal or wastelands with minimum of 400 mm of rainfall, can be said to be India’s first biofuel planting material that has been specifically created for green mining zones and bioenergy zones.
VayuGrid is a Bengaluru-based based enterprise engaged in building affordable bioenergy supply chains based on proprietary technology in partnership with rural communities, governments and industry in India, Africa, Southeast Asia, Middle East, and North and South America.