Latest news with #GermanExportFinance
Entrepreneur
02-08-2025
- Business
- Entrepreneur
CEF Group Secures Euro 38 Million from German Export Finance Bank
The funding will primarily support the development of two new compressed biogas (CBG) plants, contributing to the company's broader goal of establishing 22 such facilities nationwide You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Indian cleantech firm CEF Group has secured Euro 38 million (approximately INR 345 crore) in equity and debt financing from a German Export Finance bank, marking a major milestone in its mission to scale sustainable fuel infrastructure across India. The funding will primarily support the development of two new compressed biogas (CBG) plants, contributing to the company's broader goal of establishing 22 such facilities nationwide. These plants will process agricultural, agro-industrial, and municipal waste into clean fuel, furthering India's push toward a circular economy. Founded in 2018, CEF Group operates under the government's SATAT (Sustainable Alternative Towards Affordable Transportation) scheme, a flagship initiative aimed at promoting biogas as a cleaner alternative to conventional fuels. By converting organic waste into energy, the company aligns itself with the twin goals of reducing emissions and supporting rural economic development. "We are not just building biogas plants—we are empowering rural economies, advancing energy independence, and driving India's transition to a truly circular economy," said Maninder Singh, Founder and CEO of CEF Group. Currently, the company has three CBG projects in advanced stages of execution: two municipal solid waste-based units in Jammu and Ahmedabad, and a plant in western Uttar Pradesh that processes press mud, a byproduct of sugar production. The SATAT scheme encourages private sector involvement in biogas development and aims to create new income opportunities in rural areas by monetising organic and farm waste. CEF Group reportedly processes thousands of tonnes of such waste annually.
Time of India
01-08-2025
- Business
- Time of India
German Export Finance Bank invests €38 million in Indian cleantech firm CEF Group
CEF Group , an Indian cleantech company specialising in the conversion of waste into compressed biogas (CBG), on Friday announced it has secured €38 million in equity and debt financing from a leading German Export Finance bank , according to a report by news agency PTI. This investment will accelerate the construction of two new CBG plants, forming a crucial part of CEF Group's ambitious plan to establish 22 such facilities across India. CEF Group's approach involves transforming agricultural, agro-industrial, and municipal waste into clean, sustainable fuel, thereby fostering a circular economy within the country. Currently, CEF Group has three projects in advanced stages of execution. These include two municipal solid waste-based plants located in Jammu and Ahmedabad, and a facility in Western Uttar Pradesh dedicated to processing press mud, a valuable byproduct from the sugar industry. 'We are not just building biogas plants; we are empowering rural economies, advancing energy independence, and driving India's transition to a truly circular economy,' said Maninder Singh, CEO and Founder, CEF Group. The SATAT initiative , a flagship government programme, is designed to convert agricultural and municipal waste into energy, simultaneously generating new revenue streams for rural communities. CEF Group plays a vital role in this endeavor, processing thousands of tonnes of organic waste and municipal solid waste annually.
