The Ministry of Power (MoP) has decided to benchmark the prices of biomass pellets used for co-firing in Thermal Power Plants (TPPs). The benchmarked price, as finalized by the committee under CEA, will be effective from 1st January 2024.
so far around 1.80 Lakh MT of biomass fuel has been co-fired in 47 thermal power plants in the country totaling a capacity of 64,350 MW. Out of this, more than 50000 MT has been cofired during the first two months of FY ’23-24, which has also surpassed the previous highest-ever annual quantity. Further, about 1140 Lakh MT of biomass pellets is at various stages of the tendering. The purchase order has been placed for approx. 69 Lakh MT of biomass pellets by thermal power plants. With the enabling policies in place and thrust from MoP through the SAMARTH mission, substantial growth of Biomass cofiring in TPPs across the country is envisaged.
