Refex Green Power Limited, a wholly-owned subsidiary of Refex Renewables & Infrastructure Limited, has secured a major contract from Salem City Municipal Corporation for the establishment of a 200 TPD (tonnes per day) Municipal Solid Waste-based Bio-CNG plant. This project will be executed under the Public-Private Partnership (PPP) model on a Design, Build, Finance, Operate, and Transfer (DBFOT) basis for a duration of 20 years.

The tender was awarded as part of the Swachh Bharat Mission Urban 2.0, which aims to enhance solid waste management in urban areas across India. The Letter of Acceptance (LOA) was issued on March 28, 2025, and the company officially received it on April 1, 2025. The estimated cost of the project is ₹65.07 crore, and the scheduled commissioning of the full-capacity Bio-CNG plant is set for 19 months from the signing of the concession agreement. The agreement is expected to be finalized within 30 days of the LOA.

Project Details and Scope

The awarded contract aligns with India's growing focus on renewable energy and sustainable waste management. The 200 TPD Bio-CNG plant in Salem will convert municipal solid waste into compressed biogas (CBG), reducing landfill waste and contributing to a cleaner and greener environment. This initiative will support alternative fuel production, decrease dependency on traditional fossil fuels, and promote the use of bio-energy in Tamil Nadu.

The Salem City Municipal Corporation awarded the contract as part of its strategic plan to improve waste management infrastructure and meet sustainability goals. The plant will be developed and operated by Refex Green Power Limited, ensuring the adoption of advanced waste processing technologies for efficient conversion of organic waste into Bio-CNG.

Implementation Timeline and Investment

The execution of this project will follow a structured timeline, with commissioning expected within 19 months from the date of the Concession Agreement. The agreement is scheduled to be signed within 30 days from the issuance of the LOA. The project has been allocated an investment of ₹65.07 crore, emphasizing the scale and impact of this renewable energy venture.

Refex Green Power’s expertise in waste-to-energy projects positions the company as a key player in India’s growing bio-energy sector. The awarded contract strengthens its portfolio in sustainable energy solutions and aligns with the government’s initiatives under the Swachh Bharat Mission and National Bio-Energy Policy.

No Related Party Involvement

According to the disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this contract does not fall under related party transactions. There is no direct or indirect promoter group interest, except for the company’s ownership in Refex Green Power Limited.

Impact on Renewable Energy and Waste Management

This Bio-CNG plant will play a crucial role in transforming municipal solid waste into a valuable energy resource, reducing greenhouse gas emissions, and supporting India’s clean energy transition. The initiative aligns with the National Bio-Energy Policy by promoting waste-to-energy conversion and reducing carbon footprint.

By executing this project, Refex Green Power contributes to:

• Efficient solid waste management and landfill reduction.

• Increased Bio-CNG production, reducing reliance on conventional fuels.

• Enhanced urban sustainability through cleaner waste disposal methods.

The successful implementation of the Salem Bio-CNG plant will set a precedent for future waste-to-energy projects across India, reinforcing Refex Green Power’s leadership in the renewable energy sector.

Refex Renewables & Infrastructure Limited has urged stakeholders to stay informed about the progress of this landmark project, which marks a significant step towards sustainable energy development in Tamil Nadu.

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