BPCL Inks MoU with Rajasthan Govt to Build 1GW Renewable Energy Projects
In a significant step towards its ambitious goal of expanding green energy portfolio, Maharatna company Bharat Petroleum Corporation Ltd (BPCL) has entered into a Memorandum of Understanding (MoU) with the Government of Rajasthan for setting up a 1 GW capacity of renewable energy power plant.
January 24, 2023. By Manu Tayal
The MoU was signed between Bhaskar A. Sawant, IAS, Principal Secretary, Department of Energy, Rajasthan Government and Shelly Abraham, Head Renewable Energy, BPCL, in a ceremony that was presided over by Ashok Gehlot, Chief Minister of Rajasthan, Shakuntala Rawat, Minister of Industries and Bhanwar Singh Bhati and State Energy Minister (Independent Charge Energy) amongst other Government officials.
BPCL has set itself the ambitious goal of Net Zero in Scope 1&2 emissions by the year 2040. The company is planning to expand its renewables portfolio and reach 1 GW of renewable energy capacity by 2025 and 10 GW of capacity by 2040.
During the occasion, Chief Minister of Rajasthan Ashok Gehlot expressed Rajasthan’s vision to create a positive space for investment in Rajasthan with a green imprint on it. He congratulated the working teams and encouraged them to further augment this collaboration for sustainable economic development in the state.
Shakuntala Rawat, Minister of Industries assured full support from the state government to all the investors present during the ceremony. She also emphasized on the steps undertaken by the Government in this regard.
BPCL’s Renewables business unit has been steering this voyage to help the global efforts to curb global warming, in line with the national climate commitments, and renewable energy has a pivotal role to play in this endeavor.
Meanwhile, the company has been also accelerating biofuels in this pursuit. It is presently blending 10 per cent ethanol in petrol, with a target to reach 20 per cent blending by 2025-26.
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