NexGen Energia secures $1 billion from Capital Edge to expand CBG infrastructure across India
New Delhi:
Renewable energy
company
NexGen Energia
Ltd has secured $1 billion (approx. ₹8,500 crore) equity investment commitment from Kuwait-based
Capital Edge
to scale up its
Compressed Bio-Gas (CBG)
infrastructure in India, the company said.
The funding will support the Noida-headquartered firm's goal of setting up 1,000 CBG plants across the country by 2026. NexGen Energia is among India's key players in the CBG space and plans to use the investment for plant development, technology integration, and supply chain expansion.
'This capital infusion marks a pivotal moment in our journey. It will accelerate our vision to build a greener India through scaled-up CBG production,' said Nishant Tiwari, Director – Sales, NexGen Energia Ltd.
NexGen Energia's CBG rollout strategy is aligned with the government's SATAT (Sustainable Alternative Towards Affordable Transportation) programme, which targets 5,000 CBG plants by 2030. The company aims to contribute 1,000 units toward this target.
CBG, or Compressed Bio-Gas, is a purified form of biogas with properties similar to natural gas. It can be used as a
clean transport fuel
and is produced from
biomass
and agricultural residue.
'Every CBG plant we set up creates a ripple effect—job creation, rural entrepreneurship, and minimising environmental waste,' said Kishor Panda, CEO, NexGen Energia Ltd.
Industry estimates suggest the development of 1,000 CBG plants could create over 50,000 direct and indirect jobs, particularly in rural and semi-urban areas. Each plant also contributes to methane emission reductions and waste management.
Capital Edge is a Kuwait-based investment firm that focuses on high-impact infrastructure projects in emerging markets across Asia, Africa, and the Middle East. Its investment model includes long-term equity commitments for large-scale projects.
According to the company, early projects under this funding arrangement will be launched in Maharashtra, Uttar Pradesh, and Karnataka. Several dozens of CBG facilities are planned to be completed over the next 18 to 24 months.
India generates significant quantities of agricultural and organic waste that remain underutilised. NexGen Energia plans to convert this into clean fuel and build a decentralised circular energy ecosystem.
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