Biomass Briquettes Tender Opportunity in Bihar
Dear Businessman/Investors,
Explore new opportunities to supply biomass briquettes in India. Government initiatives, especially under the Ministry of Power, are driving this demand. Demand is growing as the Government supports clean energy. Learn about a great chance to be a part of the Biomass Briquette Business in Bihar. The demand for these eco-friendly fuel sources is increasing every day, making it a promising opportunity for you. This opportunity offers a sustainable and profitable investment.
About Biomass Briquettes :
- It is a Major Source of Green Energy.
- A Waste to Energy Project.
- It is used as a Substitute of Coal.
- Use as Bio-Fuel: Co-fired with Coal for Electricity Generation in Thermal Power Plants.
Benefits :
Biomass briquettes offer several benefits, especially in comparison to traditional fossil fuels like coal. Here are some key advantages:
- Biomass briquettes are made from renewable organic materials, reducing reliance on fossil fuels and lowering carbon emissions.
- They help in the management of Agricultural and Forestry Waste by converting it into energy, reducing the environmental impact of waste.
- Biomass briquettes are often cheaper than traditional fuels, providing a more affordable energy option.
- It is used as a Substitute of Coal.
- They contribute to a more sustainable energy mix, reducing the dependence on non-renewable resources.
- Biomass Briquette production can benefit rural areas by providing employment and income opportunities.
- Many Governments offer incentives and subsidies for the production and use of Biomass Briquettes, further promoting their benefits.
Subsidy Benefits :
Here are the benefits of subsidies:
- Agriculture Infrastructure Fund: Interest Subsidy @ 3% For 7 Year on Term Loan up to 2.00 Cr. CGTMSE Guarantee Cover (No Collateral Security needed).Easy Bank finance within 60 Days.
MNRE (Central Financial Assistance) 9.00 Lacs Per MT/Per hour Production Capacity. (Maximum up to 45.00 Lacs.)
- State Level MSME Specific Subsidy : Stamp Duty Refund on Land Buying, CLU Fee Refund, State Capital Subsidy on Fixed Capital Expenditure (Building & Plant), Electric Duty Exemption.
Income Tax Exemption:- 100% of Profit From Bio- Mass Briquettes Business for 5 Years from the Year of Commencement of Business.
Briquettes Users Industries:
Briquettes are used by various industries for different purposes. Here’s a simple description of some industries that use briquettes:
- Textile Mills
- Brick Kiln
- Food Industry
- Leather Industry
- Dyeing House
- Chemical Plants
- Food Processing Units
- Rubber Industry
- Pharmaceuticals Industry
- Paper Mills
Investment Requirements:
Investment requirements for starting a biomass briquette business can vary depending on the scale and complexity of the operation. Here’s a brief overview:
(For a Standard Capacity – 2 Ton Per Hour Project)
- Land Required (Owned/Lease) – Half Acre to 1 Acres (May extent for Storage Purpose).
- Building and other Civil Work – (550 Sq. m to 650 Sq. m) – Approx. 50 Lacs to 55.00 Lacs
- Plant & Machinery – 75 Lacs to 80.00 Lacs.
- Other: (Electrification/Weight Measurement/Furniture etc.) – 15 Lacs to 20.00 Lacs.
- Working Capital Need: (For 30 Days) – Approx. 60 to 70.00 Lacs.
- Total Fund Requirement (Except Land): Approx. 1.85 Cr. to 2.00 Cr.
- Own Fund Requirement – 25% – 50.00 Lacs.
- Bank Loan – 75% – 1.50 Cr.
List Of Thermal Power Plant :
In Bihar, there are several Thermal Power Plants that contribute significantly to the state’s power generation capacity.
Here is a description of some of the Major Thermal Power Plants in Bihar:
| Sr No | Plant Name |
|---|---|
| 1 | NABINAGAR TPP |
| 2 | MUZAFFARPUR TPS |
| 3 | Nabinagar Super Thermal Power Project |
| 4 | Kahalgaon Super Thermal Power Station |
| 5 | Bhartiya Rail Bijlee Company Limited (BRBCL) |
| 6 | Barh Super Thermal Power Station |
| 7 | Kanti Thermal Power Station |
| 8 | Barauni Thermal Power Station |
For, more information you are requested to contact our KIP subsidy helpline on Mail – sales@kipfinancial.com and Contact Number – +918683898080
KIP Financial Consultancy Pvt. Ltd.
DSB – 38, Red Square Market, Hisar – 125001 (HR)
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