Financial Daily from THE HINDU group of publications
Friday, May 05, 2006

Cross Currency

Group Sites

Corporate - New Projects
Industry & Economy - Non-conventional Energy
States - Andhra Pradesh

`Progress of biodiesel plant in Nalgonda encouraging'

Our Bureau

German Govt announces grant of 380,000 Euros

Hyderabad , May 4

The biodiesel plant being set up by Southern Online Bio Technologies Ltd (SBT) in Nalgonda district could well be a model project for the German funding agency to replicate elsewhere.

Giving indications to this effect, Ms Karin Kortmann, Parliamentary State Secretary, Federal Republic of Germany said, the progress of the plant, expected to provide biodiesel from Pongamia/Jatropha was encouraging.

The German Government through GTZ has announced a grant of 380,000 to the SBT's biodiesel project under a public-private-partnership programme.

The grant would be routed through the International Crops Research Institute for Semi-Arid Tropics (ICRISAT), a press release from the company said.

The research and development in plantation of pongamia/jatropha and providing technology to the poor, needy farmers as well as unemployed, graduate youth in setting up the oil extraction units are envisaged under the project.

The German delegation interacted with small farmers from various villages who had gone in for the plantations. The Andhra Pradesh Government, keen on promoting the use of biodiesel, has announced incentives.

The Managing Director of SBT, Mr N. Satish Kumar, scientists from ICRISAT and officials of Nabard also accompanied the German team.

More Stories on : New Projects | Non-conventional Energy | Andhra Pradesh

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
RNRL defends gas supply pact with RIL

Riga Sugar in talks with McDowell
Greenply Uttaranchal unit starts production
Euphoria over cholesterol drug Zocor misplaced, say analysts
Orchid to raise Rs 900 cr
Ministry for one-third independent directors on PSU oil company boards
Tata Motors adjudged `forerunner'
ISMT net up 250 pc
Godrej joins other FMCG majors in shopping for cos abroad
Siemens buys 50% stake in Flender
Robert Bosch picks Coimbatore
AstralPool gets active in Chennai
`Progress of biodiesel plant in Nalgonda encouraging'
Surya Roshni to set up CFL manufacturing plant
Vipul-Laing O'Rourke venture eyes remote facilities management
Addl charge for LG's K.R. Kim
New Managing Director at MRPL
Captive power units spell money for big corporates

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line