Bharat Petroleum Corporation (BPCL) collaborates with Solar Energy Corporation of India (SECI) to leverage each other’s expertise to pursue opportunities in renewable energy space including solar, wind, electric mobility, hydrogen and waste-to-energy, the company announced on the linkedIn.
Both the company has signed a Memorandum of Understanding (MoU) to build 10 gigawatts (GW) of renewable energy capacity by 2040.
The agreement for collaboration was signed by BPCL’s Head of Renewable Energy Business, Amit Garg, and SECI’s Executive Director, Sanjay Sharma.
On this occasion, Shri Arun Kumar Singh, C&MD BPCL said, “BPCL has an aspiration to have a portfolio of 1 GW of renewable power by 2025, and 10 GW by 2040. Leveraging the skillsets and knowledge base of SECI will help us significantly in achieving these targets.”
“This collaboration creates a new area of commitment for our company and will act as a catalyst to accelerate our path to Net-Zero in Scope 1 and Scope 2 emissions,” he added.
BPLC is India’s ‘best performing’ Maharatna Public Sector Undertaking, and its journey from being an Oil and Gas Company in India to a Fortune 500 oil refining, exploration and marketing conglomerate. It’s country’s second-largest oil marketing company.
SECI, a PSU under Ministry of New and Renewable Energy (MNRE), is engaged in promotion and development of renewable energy resources.