BPCL, ONGC, NTPC to ramp up renewable energy capabilities
POWER & RENEWABLE ENERGY

BPCL, ONGC, NTPC to ramp up renewable energy capabilities

India's commitment to considerably decrease carbon emissions and the developing global sentiment against hydrocarbons is directing public sector units active in the nation's energy sector to aggressively grow their renewable energy (RE) capabilities.

Bharat Petroleum Corporation Ltd (BPCL) has allotted Rs 25,000 crore to boost its RE portfolio by 2040. The firm that presently has an RE capacity of 45 megawatts (MW) is eventually looking at ramping it to 10 gigawatts (GW).

The move by BPCL comes about a month after ONGC inked an MoU with the Solar Energy Corporation of India (SECI) to roll out renewable as well as environmental, social and governance (ESG) projects. The global energy holding firm is additionally targeting a minimum of 10 GW of renewable power by 2040, even as it continues to concentrate on its core exploration and production (E&P) strength.

In India, the private sector had already taken the charge, but it is time that the public sector additionally lends a hand given the enormous size of unmitigated emissions with them. It is natural for the petroleum sector to get into verticals such as green hydrogen and wind and solar. It is additionally looking at blending petroleum fuels with ethanol, said Jigar Shah, CEO at merchant bank Maybank Kim Eng Securities India.

Signatories to the 2015 Paris Agreement have committed to decreasing their emission intensity to guarantee that global temperatures don't increase over 1.5 degree Celsius by 2050. Since then, significant initiatives have been underway in fossil fuel-based enterprises such as oil and gas, coal and transportation.

Image Source

India's commitment to considerably decrease carbon emissions and the developing global sentiment against hydrocarbons is directing public sector units active in the nation's energy sector to aggressively grow their renewable energy (RE) capabilities. Bharat Petroleum Corporation Ltd (BPCL) has allotted Rs 25,000 crore to boost its RE portfolio by 2040. The firm that presently has an RE capacity of 45 megawatts (MW) is eventually looking at ramping it to 10 gigawatts (GW). The move by BPCL comes about a month after ONGC inked an MoU with the Solar Energy Corporation of India (SECI) to roll out renewable as well as environmental, social and governance (ESG) projects. The global energy holding firm is additionally targeting a minimum of 10 GW of renewable power by 2040, even as it continues to concentrate on its core exploration and production (E&P) strength. In India, the private sector had already taken the charge, but it is time that the public sector additionally lends a hand given the enormous size of unmitigated emissions with them. It is natural for the petroleum sector to get into verticals such as green hydrogen and wind and solar. It is additionally looking at blending petroleum fuels with ethanol, said Jigar Shah, CEO at merchant bank Maybank Kim Eng Securities India. Signatories to the 2015 Paris Agreement have committed to decreasing their emission intensity to guarantee that global temperatures don't increase over 1.5 degree Celsius by 2050. Since then, significant initiatives have been underway in fossil fuel-based enterprises such as oil and gas, coal and transportation. Image Source

Next Story
Real Estate

Thermocool Home Appliances Invests Rs 300 million in New Ghaziabad Plant

Thermocool Home Appliances, a leading UP-based home and kitchen appliances brand, has inaugurated a new manufacturing facility in Ghaziabad, reinforcing its growth, innovation, and sustainability commitments.Spanning 25,000 square meters, the plant features advanced automation, energy-efficient systems, and employee welfare facilities. With an initial production capacity of 1,800-2,200 units/day, the company plans to scale up to 3,000-4,000 units/day within six months and expand the facility by 50 percent over the next two years.The Rs 300 million investment will cater to rising demand across ..

Next Story
Building Material

Parallel debuts fluted glass collection, redefining luxury interiors

Parallel has launched an exquisite collection of tinted, extra-clear, and designer fluted glass, introducing a new dimension to contemporary interiors.Fluted glass, known for its vertical striations, diffuses light while sculpting silhouettes with a refined aesthetic. Parallel’s range includes smoky tinted variants, pristine extra-clear options, and metallic-infused designs, ideal for partitions, doors, and wall treatments that balance exclusivity with openness.Emphasising sensory design, the collection enhances spaces by creating dynamic light interactions. Crafted for luxury residences, ho..

Next Story
Building Material

Nivasa unveils luxury lighting collection blending artistry and innovation

Nivasa, a leader in luxury furniture design, has launched an exquisite lighting collection inspired by nature, combining sculptural aesthetics with masterful craftsmanship.Crafted from premium 304-grade stainless steel, each piece showcases a refined interplay of organic and sleek forms, offering a range of finishes for bespoke customization. Designed for grand foyers, intimate spaces, and sophisticated interiors, the collection merges contemporary finesse with global design standards.Collection highlights include:Circular Drummer’s Chandelier – A geometric yet fluid design in a light gold..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?