India being an agrarian economy generates bio resources to the tunes of 620 MT. Experts in the industry feel that about 150 MT of these bio resources can be utilised to generate power of the capacity of 17.5 GW. In addition, India being among the largest producers of sugar produces sufficient sugarcane bagasse which can generate more than 5 GW through cogeneration. Further another 2.7 GW can be generated through waste to energy (WTE) technology. In comparison to the these level of potential , India has so far been able to harness only ~1750 MW, 2337 MW and 210 MW of biomass, bagasse co-generation and WTE capacity by the end of FY 2012-13.
These numbers clearly indicates that, the Indian biomass industry has not witnessed investment level matching to its potential. The renewable energy industry including the biomass industry depends greatly on government’s grants and subsidies. Taking note of the high potential of the sector, the MNRE has been mulling over the idea of initiating a National Biomass mission on the lines of Jawaharlal Nehru National Solar Mission. Such a move by the government certainly augurs well for the industry which will open new doors of investment across the value chain of biomass sector.
With this background, ENINCON is coming up with a research publication “National Biomass Mission in Offing: Identifying LucrativeInvestment Pockets and Opportunity for Stakeholders across Value-Chain“. The research preliminary assessment suggests that, after the announcement of National Mission, Biomass industry will attract an investment of about $ 17.5 billion across the value chain.
With all these development, the Indian biomass sector is poised to witness huge investments during the next one decade across the value chain. There is no denying to the fact that, a National Biomass mission would invite similar development and investment into the biomass sector as the JNNSM has done to the solar sector.