New Delhi: German Export Finance Bank has extended €38 million in equity and debt funding to CEF Group, an Indian company focused on converting waste into compressed biogas. The funding, announced on Friday, will support the construction of two new compressed biogas (CBG) plants, reports The Hindu Businessline.
These projects are part of CEF Group’s wider plan to develop 22 such biogas facilities across the country. The company specializes in processing agricultural, agro-industrial, and municipal waste to produce clean fuel, promoting environmentally friendly waste management and energy solutions.
Founded in 2018, CEF Group operates under India’s SATAT (Sustainable Alternative Towards Affordable Transportation) scheme. The government initiative promotes CBG as a cleaner alternative to conventional fuels by encouraging private sector involvement.
The company currently has three major projects in advanced stages—two plants in Jammu and Ahmedabad that will run on municipal solid waste, and a third in western Uttar Pradesh that will use press mud, a byproduct from the sugar industry.
“We’re helping create clean energy while also supporting jobs and growth in rural areas,” said Maninder Singh, Founder and CEO of CEF Group.
The SATAT scheme aims to reduce pollution and cut India’s dependence on fossil fuels by converting waste into energy, with a strong emphasis on rural economic benefits. CEF Group processes thousands of tonnes of organic and municipal waste each year through its facilities.
The German investment is seen as a major boost to India’s renewable energy goals, supporting both cleaner fuel alternatives and improved waste management practices.
