Indraprastha Gas (IGL) has formed a 50:50 joint venture with CEID Consultants & Engineering to develop compressed biofuel (CBG) and compressed biogas (CBG) projects.
The new entity will focus on building and operating biofuel assets as India scales up its clean energy infrastructure. The JV will have an equal equity split, with both partners holding 50 percent stake, and will initially have a board of four directors—two nominated by IGL and two by CEID.
This agreement underscores IGL's commitment to sustainable energy, in line with the country's growing focus on renewable resources.