Realising the importance that providing power to various realty projects could become a major problem in the near future, Delhi-based Ansal Properties and Infrastructure Limited has decided to resolve this problem to a certain extent by foraying into the field of bio-diesel.
This strengthens the company's presence in the power sector after it set up a 12 megawatt wind energy farm in Gujarat at an investment of over Rs 72 crore.
The company has already planted 50,000 saplings of the Jatropha Cucas plant at the Palam Farms in Palam Vihar and Aravalli Farms near Gurgaon. These plants not only absorb carbon dioxide from the atmosphere but also develop seeds, which can be used to produce clean bio-diesel fuel. This fuel can be used in both diesel vehicles and generators with minor/or no change in the engines. The company is planning to plant 2,00,000 plants per year for the next two more years.
Kunal Banerji, president, marketing and communication, Ansal API, said: "Power will have to be looked at seriously in the times to come. The cost of generators is tremendous and to minimise the cost of procuring power it is prudent that we look at various other ways to generate it – bio-diesel being one of them."
Bio-diesel is becoming increasingly important as governments react to growing dependency on petroleum imports and enact new alternative fuel policies and targets. In fact, it is a natural fit in places like Europe, China, India and Brazil where diesel fuel is more commonly used than it is in the US. It is possible that bio-diesel could represent as much as 20 per cent of all on-road diesel used in Brazil, Europe, China and India by the year 2020.