Environment Protection Charge (EPC) Funds for Establishment of palletisation and torrefaction plants
Dear-Businessman/Investors,
In Series of KIP: Business and Subsidy Update, today we are going to share with you benefit of Guidelines for grant of one time financial support under Environment Protection Charge (EPC) Funds for Establishment of palletisation and torrefaction plants to promote utilisation of paddy straw.
Objects:
Enable reduced burning of paddy straw, in the NCT of Delhi, States of Punjab & Haryana, and NCR districts of Rajasthan & Uttar Pradesh, by facilitating establishment of pelletisation and torrefaction plants for paddy utilization and Reduce usage of fossil fuels in industries and boilers, by promoting usage of palletised/torrefied paddy straw.
Pattern of Assistance :
• Pelletisation Plant, a maximum amount of Rs. 28 lakhs per ton plant production capacity per hour, or 40% of the capital cost considered for plant and machinery of a 1 TPH plant, whichever is lower, shall be given as onetime financial support by CPCB.
• Torrefaction Plant, a maximum amount of Rs. 28 lakhs per ton plant production capacity per hour, or 40% of the capital cost considered for plant and machinery of a 1 TPH plant, whichever is lower, shall be given as one time financial support by CPCB.
Eligible Entities:
New Units set up by individual entities/entrepreneurs/ companies after the issuance of these guidelines who will be using only paddy straw generated in the NCT of Delhi, States of Punjab & Haryana, and NCR districts of Rajasthan & Uttar Pradesh, and supply pellets/torrefied pellets to Power Plants and/or Industries.
Eligible Criteria:
• The Guidelines are applicable to only new Pelletisation Units / Torrefaction Units.
• Applications will be considered on first-come-first-serve basis.
• Other biomass use is permitted but only to an extent of 20% of total feedstock, in case needed.
• Cost of land for setting up of pelletisation plant including other civil works is to be borne by the applicant. Land possession letter/ lease agreement shall be submitted along with the application for financial assistance under the guidelines. The applicant must have submitted his application for CTE to the concerned SPCB/PCC before applying for financial assistance under these guidelines.
• The applicant shall submit a bank guarantee, equivalent to the amount of the financial support released, in name of SPCB, with a validity of minimum 01 year.
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