Joint Venture Agreement Details
OIL Green Energy Ltd. (OGEL), a wholly owned subsidiary of Oil India Limited, and Hindustan Waste Treatment Pvt. Ltd. (HWT), a wholly owned subsidiary of SFC Environmental Technologies Ltd., have signed a Joint Venture Agreement (JVA) to collaborate in the development of integrated bioenergy and sustainable waste management projects in India.
JV Structure and Focus Areas
The partnership envisages formation of a 50:50 joint venture company to pursue opportunities in:
- Compressed biogas (CBG)
- Waste-to-energy projects
- Allied sustainable infrastructure projects
The projects are aligned with India's clean energy transition and circular economy objectives.
Company Backgrounds
OIL Green Energy Ltd. (OGEL)
- Wholly owned subsidiary of Oil India Limited
- Established to drive OIL's strategic initiatives in renewable and green energy sectors
- Focus areas include CBG and other emerging clean energy opportunities
Hindustan Waste Treatment Pvt. Ltd. (HWT)
- Wholly owned subsidiary of SFC Environmental Technologies Ltd.
- Leading technology-driven company in the biogas sector
- Expertise across design, engineering, construction, commissioning, operations and maintenance of municipal solid waste-based bioenergy projects
- Among select few players in India to have successfully adapted, deployed and operated advanced global technologies under Indian conditions
- Operates a state-of-the-art municipal solid waste-based biogas plant in North Goa that has been operating successfully for over a decade
Parent Company - SFC Environmental Technologies Ltd.
- Has established a strong presence in wastewater treatment and water reuse solutions
- Contributes towards sustainable environmental management practices in India
Strategic Rationale and Geographic Scope
The proposed joint venture will explore opportunities in CBG, integrated waste-to-energy and sustainable resource recovery projects across suitable geographies in India.
The partnership seeks to combine:
- OGEL's institutional strength and strategic energy sector experience
- HWT's proven technological and operational capabilities in the municipal solid waste-based bioenergy sector
Alignment with National Objectives
Representatives from both organisations expressed confidence that the collaboration would contribute towards:
- India's vision of Atmanirbharta (self-reliance)
- Energy self-reliance
- Development of scalable and sustainable clean energy solutions in India
Issuing Authority
The press release was issued by the Public Relations Department, Noida, of Oil India Limited.