How to Get an LOI Under the SATAT Scheme: Step-by-Step Guide
The SATAT (Sustainable Alternative Towards Affordable Transportation) scheme, launched by the Government of India, is a significant initiative aimed at promoting Compressed Biogas (CBG) as an alternative fuel for vehicles, reducing dependency on fossil fuels, and supporting a greener, more sustainable future. Under this scheme, private companies, cooperatives, and public sector undertakings are encouraged to set up CBG plants to produce Bio-CNG. If you are looking to start a CBG plant under the SATAT Scheme , getting an LOI (Letter of Intent) from the Oil Marketing Companies (OMCs) such as Indian Oil Corporation Limited (IOCL) , Hindustan Petroleum (HPCL) , and Bharat Petroleum (BPCL) is the first crucial step. This LOI guarantees the off-take of the Bio-CNG produced at a pre-determined price, ensuring the financial viability of your project. In this step-by-step guide, we’ll walk you through how to get an LOI under the SATAT Scheme , ensuring a smooth and successful applicat...