CURRENT AFFAIRS
CURRENT AFFAIRS
Description
Prime Minister Narendra Modi inaugurated GAIL (India) Limited's Compressed Bio Gas (CBG) facility in Ranchi, Jharkhand, virtually during an event commemorating Swachh Bharat Diwas 2024 at Vigyan Bhawan in New Delhi. This facility, with a feedstock processing capacity of 150 TPD and a production capacity of 5 TPD, represents an investment of Rupees 26 crore. It intends to convert the organic component of Municipal Solid Waste (MSW) to renewable energy.
Environmental Impact
The CBG plant is intended to provide a substantial contribution to environmental and sustainable development goals, with an estimated yearly reduction of 4,950 tons of CO2 equivalent emissions. Additionally, it will replace approximately 2,171,052 Standard Cubic Meters (SCM) of natural gas each year, resulting in foreign exchange savings of around USD 840,093. This program is consistent with the government's aim on improving energy security and lowering reliance on imports.
Economic Benefits
In terms of local economic impact, the project will provide 35 direct and 105 indirect jobs, promoting community development. Key dignitaries, including Minister of State for Defence Shri Sanjay Seth and GAIL executives, attended a site-level event in Ranchi to demonstrate the government's commitment to cleaner measures.
Commitment To Sustainability
The inauguration of the CBG facility demonstrates GAIL's commitment to tackling waste management issues and increasing renewable energy consumption in the region. This effort is a significant step forward in the continued pursuit of a cleaner environment and sustainable development, echoing the government's long-term ambition for a greener India.
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