Bharat Petroleum Company Ltd (BPCL) will arrange 1 gigawatt (GW) of renewable vitality capability in Rajasthan because the nation’s second-largest state oil refiner pivots its path to reaching a internet zero emission goal by 2040.
In a press release, BPCL mentioned it has signed a memorandum of understanding (MoU) with the federal government of Rajasthan for establishing the renewable vitality energy plant. It, nonetheless, neither gave a timeframe nor funding that will likely be made within the challenge.
The corporate has set itself the bold purpose of ‘internet zero’ in Scope 1&2 emissions by 2040. It plans to develop its renewable portfolio to achieve 1 GW of producing capability by 2025 and 10 GW by 2040.
“The MoU was signed between Bhaskar A Sawant, IAS, Principal Secretary, Division of Power, Authorities of Rajasthan and Shelly Abraham, Head Renewable Power, BPCL,” the assertion mentioned.
BPCL operates three oil refineries in Mumbai, Kochi in Kerala and Bina in Madhya Pradesh, with a mixed refining capability of round 38 million tonnes. It additionally has over 20,000 petrol pumps and 6,100 LPG distributorships.
It has chalked out the plan to supply electrical automobile charging stations at round 7,000 petrol pumps over the following 5 years.