The forest floor is full of dried leaves, mills throw away sawdust, and farms burn away agriculture residue. Now, a Nepali company has decided not to let waste go waste and turn this biomass into fuel pellets.
Biomass pellets can be a clean and cheap energy source, and an alternative to firewood, petroleum products, LPG and coal — all of which are unsustainable and harmful to health.
Bakas Renewable Energy is planning to produce nearly 20,000 metric tonnes of biomass pellets every year for the Nepali market from its plant in Province 2, and help reduce Nepal’s petroleum import bill and improve public health by reducing air pollution.
This week, Bakas signed a loan agreement with NMB Bank for debt financing of Rs160 million. Bakas was founded by Nepali forestry and environmental professionals who believe in a sustainable energy future for the country.