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					</table><p>The Ministry of Power (<a href="https://powermin.gov.in/" target="_blank" rel="noopener">MoP</a>) has revised the Biomass Co-Firing Policy to benchmark the prices for biomass pellets utilized in co-firing at thermal power plants. The initiative aligns with the broader goal of incorporating cleaner and more eco-friendly energy sources into the country&#8217;s power generation landscape.</p>
<p>The benchmark prices for non-torrefied biomass pellets in the Northern Region (excluding NCR) have been set at ₹2.27 (~$0.027) per 7,000 kcal. This price excludes GST and transportation costs at the pellet manufacturing plant site.</p>
<p>The specified pellets must also maintain a moisture content below 14% and a Gross Calorific Value (GCV) between 2,800-4,000 kcal/kg.</p>
<p>Similarly, benchmark prices for non-torrefied biomass pellets in the Western Region have been set at ₹2.24(~$0.026) per 7,000 kcal.</p>
<p>The moisture content and GCV criteria remain consistent, ensuring the quality and efficiency of the biomass pellets.</p>
<p>The Ministry <a href="https://cms.mercomindia.com/ministry-benchmark-price-biomass-pellets-thermal-plants/" target="_blank" rel="noopener">issued</a> the &#8216;Modification of Revised Policy for Biomass Utilization for Power Generation through co-firing in coal-based power plants’ in June this year. The objective is to create an environment that encourages the development and sustainability of biomass pellet supply chains, contributing to a greener energy mix.</p>
<p>Recognizing the importance of stabilizing biomass pellet prices, a committee on the price benchmarking of biomass pellets was also set up and tasked with conducting region-wise price benchmarking of biomass pellets to address the existing volatility in raw biomass prices and expedite the capacity addition of pellet manufacturing.</p>
<p>The Price Benchmarking Committee conducted a comprehensive study of the Northern and Western regions.</p>
<p>As per the committee&#8217;s suggestion, the biomass fuel price has been specified for one year, starting November 8, 2023.</p>
<p>Power utilities have been asked to adhere to the specified rates for biomass pellets to implement these benchmark prices successfully.</p>
<p>This strategic move is expected to stabilize prices and encourage the adoption of biomass co-firing practices, contributing to a cleaner and more sustainable energy future.</p>
<p>Last July, the Ministry noted that biomass co-firing in 35 thermal power plants across India had <a href="https://www.mercomindia.com/co-firing-biomass-35-thermal-power-plants" target="_blank" rel="noopener">reduced</a> CO<sub>2 </sub>emissions by 100,000 tons. About 80,525 tons of biomass had been co-fired in 35 thermal power plants with a cumulative capacity of 55,335 MW until July 24, 2022.</p>
<p>Subscribe to Mercom’s real-time <a href="https://mercomindia.com/product/mercoms-renewable-energy-regulatory-updates/" target="_blank" rel="noopener">Regulatory Updates</a> to ensure you don’t miss any critical updates from the renewable industry.</p>


Ministry Sets Price Benchmarks for Biomass Pellets in Western and Northern Regions

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