Mr. Dharmendra Pradhan, Minister of Petroleum & Natural Gas, said that Five Public Sector Undertakings (PSUs) – ONGC, IOCL, BPCL, HPCL and GAIL will be joining ISA’s Coalition for Sustainable Climate Action as corporate partners and will contribute to the corpus fund.
According to the news published in the psuwatch.com, Mr. Dharmendra Pradhan said that increasingly and rightly so, India’s oil and gas companies are actively taking part in this clean energy transition. He further added, “In order to reduce carbon footprint, these companies will be focusing more on green energy investments such as renewables, biofuels and hydrogen going forward. We are also actively encouraging industry in general, and oil and gas companies in particular, to become participants to this solar transition,”
Highlighting the achievements made in the sector so far, Mr. Dharmendra Pradhan said that our oil and gas companies are also making efforts to deploy solar panels across the value chain of their operations, and the current installed solar power capacity is 270 MW. “Additional 60 MW solar capacity will be added in the coming year. We have taken up the mission of solarising about 50 percent of fuel stations owned by public sector oil companies in the next five years. More than 5,000 fuel stations of Indian Oil, the largest Public Sector oil marketing company, were solarised last year. A substantial amount of solar PV capacity was also added by oil and gas companies during the last few years.”
According to the article published in psuwatch.com, Mr. Dharmendra Pradhan also appreciated the role of the ISA for making rapid strides since its launch at the UN Climate Change Conference in Paris on November 30, 2015. Minister of Petroleum & Natural Gas said that as the latest inter-governmental international organization with its headquarters in India, ISA is not only a testament to India’s unwavering faith in multilateralism but also a commitment to a better, sustainable and greener future. He said that the alliance reflects the vision and the firm belief that the beneficence of the sun could be used to bring together the peoples of this planet for a shared solution to our energy needs.
Read the full article here: ONGC, IOC, BPCL, HPCL, GAIL to join ISA as corporate members, contribute to corpus fund: Pradhan