NexGen Energia secures $1 billion from Capital Edge to expand CBG infrastructure across India - ET EnergyWorld
Summary
NexGen Energia is among Indias key players in the CBG space and plans to use the investment for plant development, technology integration, and supply chain expansion.This capital infusion marks a pivotal moment in our journey. It can be used as a clean transport fuel and is produced from biomass and agricultural residue.Every CBG plant we set up creates a ripple effectjob creation, rural entrepreneurship, and minimising environmental waste, said Kishor Panda, CEO, NexGen Energia Ltd.Industry estimates suggest the development of 1,000 CBG plants could create over 50,000 direct and indirect jobs, particularly in rural and semi-urban areas. Each plant also contributes to methane emission reductions and waste management.Capital Edge is a Kuwait-based investment firm that focuses on high-impact infrastructure projects in emerging markets across Asia, Africa, and the Middle East. Its investment model includes long-term equity commitments for large-scale projects.According to the company, early projects under this funding arrangement will be launched in Maharashtra, Uttar Pradesh, and Karnataka. Several dozens of CBG facilities are planned to be completed over the next 18 to 24 months.India generates significant quantities of agricultural and organic waste that remain underutilised.