The MoU entails the establishment of CBG plants in Raipur and Bhilai with an investment of around Rs 100 crore each, aiming to utilize municipal solid waste for biofuel production. The initiative is expected to contribute to clean energy, employment generation, and organic farming in the state.

Das said in the statement, "This strategic partnership between IREDA and PNB marks a significant step in our commitment to accelerate the growth of renewable energy in the country. By combining our strengths and resources, we aim to provide robust financial support to a diverse range of renewable energy projects, fostering sustainability and environmental awareness."