The company NexGen Energia Limited in Noida is specialized in clean fuel energy solutions. The focus is redefining the manufacturing and distribution of alternate future energy sources.

The company’s vision is to revolutionize the energy sector with clean fuel alternatives. The products offered by the company are electric two-wheelers and green energy solutions such as compressed biogas (CBG) plants.

English Transcription

Tell us about your company.

Basically, our company, Next Energy APC Consultant, provides consulting services within the energy consulting industry. Along with this, we provide all sorts of documentation related to civil work for our clients. Right now, the project we are working on involves the concept of waste-to-energy.

We are also getting government support for this project. From the company’s side, you receive private agreements and agreements for fertilizers, and we also provide machinery and other necessary items for this project. So, we offer all these things under this initiative. Right now, this project is like an alternative to CNG, called CBG.

CBG stands for Compressed Biogas. Currently, we use CNG in our cars, which are being imported from Gulf countries, increasing India’s dependency. But to reduce this dependency, we are introducing CBG. And through CBG, there is no increase in pollution. The power released from it is already in the air, so it does not significantly impact the environment. It initiates clean regulation and supports green initiatives. Our plant is already set up for this purpose.

What is the market value of your products?

If we talk about market value, currently, we are using CNG, and the prices of CNG are quite high. However, according to CBG, there is a government body that regulates the bio-policy across India.

So, under CBG, the market price that is prevailing for CNG will be 20% cheaper than CNG. And according to that, when we produce it domestically in India, the rate will be stable everywhere. Moreover, it can be used not only in vehicles but also through household gas pipelines. So, it has dual uses, and its market value will keep increasing.

Regarding existing cars, if we talk about new technology, there is a sector for that, but we cannot stop running existing cars. To keep them running, we need an alternative fuel. According to the guidelines, in the next 25 years, there won’t be any conventional fuel left. Based on this, we have introduced CBG.

What about the company target?

The current target of the company is basically to start as many projects as possible in India and to continue establishing plants. According to the 2018 bio-policy regulation, if we look at the current scenario, there are only 50 plants in India, whereas Germany and China have 5,000 and 40,000 plants, respectively.

According to this, the projects we have undertaken so far have been almost completely implemented across India. We have signed private agreements, and four plants are under construction. These are located in Visakhapatnam, Hyderabad, and Khushi in UP, with the Khushi plant expected to go live in about seven months.

Right now, we also have some projects at the documentation level because government subsidies are available for these projects. Subsidies come from both the central and state governments, with states like Uttar Pradesh providing their own subsidies through agencies like NEDA. Central government subsidies are available to everyone, but the paperwork can be extensive, often requiring 15 to 16 approvals.

Overall, it takes about five to seven months for the project to get off the ground, and about ten months for the complete implementation.

What about the turnover of the company?

If we talk about the turnover of the company, then the basic plant of our company is 6 and half crores at a starting price, without including tax. So, the ROI can be recovered within 3 to 3 and half years without including subsidies.