: NTPC invites proposals from startups to produce torrefied biomass pellets by 19 May 2022 #FinanceIndia #StockMarketNEWS NTPC invites proposals from startups to produce torrefied biomass pellets by

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NTPC invites proposals from startups to produce torrefied biomass pellets by 19 May 2022 #FinanceIndia #StockMarketNEWS
NTPC invites proposals from startups to produce torrefied biomass pellets by 19 May 2022 New Delhi, May 2 (KNN) State run power giant NTPC has invited bids from the countrys startups for the production of torrefied biomass pellets.The deadline for the submission of the proposals titled torrefied pellet manufacturing plant for agri-waste is May 19, 2022, NTPC said in a statement.

Through its research and development wing NETRA (NTPC Energy Technology Research Alliance), the NTPC intends to provide a platform to startups to enable them develop an advanced technology for producing torrefied biomass pellets that are well-suited for decentralized small-scale users.

The move is expected to reinforce NTPCs commitment towards developing the biomass ecosystem in the country, and will provide a unique platform for the Indian startups to fulfill the vision of an Atma Nirbhar Bharat and also contribute towards the ambitious Make in India movement, the company said.

India produces around 230 MMTA of biomass that is either wasted or burnt. Biomass co-firing (using biomass as supplementary fuel to reduce the use of coal) in power plants has proved to be a major solution to this menace, thereby reducing carbon footprints in the environment.

Currently, the technology for torrefied pellets is still in the nascent stage of development.

The Union Power Ministry has set up the national mission for the use of biomass in thermal power plants (Mission SAMARTH), and mandated 5-10 per cent co-firing of biomass in all coal-fired thermal power plants in the country.

In the Union Budget 2022-23, the biomass co-firing in power plants has been recognised as an important tool for carbon reduction and income generation for farmers. (KNN Bureau)

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