BPCL Intended To Invest Rs.25000 Cr. In Sustainable Energy Development


Bharat Petroleum Corporation Limited (BPCL) intends to spend Rs 25,000 crore in the development of 10 GW (gigawatt) of sustainable energy capacity by 2040, including solar, wind, small hydro, and biomass renewables.

Solar energy would account for 800 megawatts (MW), wind energy would account for 100 megawatts (MW), small hydro would account for 60 megawatts (MW), and biomass would account for 40 megawatts (MW).

At a later stage, BPCL intends to develop green hydrogen generation, for which it is cooperating with the Bhabha Atomic Research Centre (BARC) to scale up the alkaline electrolyser technology.

The capacity will be utilized first to service BPCL’s captive demand from refineries and a projected petrochemicals complex. The oil and gas firm said that it may also enter into power purchase agreements (PPAs) with buyers.

At the moment, the business is seeking for land in Uttar Pradesh to build its 80-100 MW power plants. It is also looking for land in Madhya Pradesh’s Bina district for a 20 MW unit, in Rajasthan for 250–500 MW units, and in Delhi for fewer than 5 MW units.

By 2040, the firm aims to achieve net-zero carbon emissions from its refining processes and energy consumption, and is cooperating with India’s Solar Energy Corporation to establish 10 GW of renewable power.

This is a Syndicate News Feed; edited by Clean-Future Team