Odisha government signs agreement with BPCL to explore opportunities for green energy

The government of Odisha has signed an agreement with Bharat Petroleum Corporation Ltd (BPCL) to explore opportunities for green energy in the state.

The Memorandum of Understanding (MoU) was signed on Monday between Industrial Promotion and Investment Corporation of Odisha Ltd (IPICOL) Managing Director Bhupendra Singh Poonia and BPCL’s Executive Director Renewable Energy Amit Garg.

“Odisha has a high potential for producing green energy from ethanol, solar and hydrogen,” said Chief Secretary SC Mohapatra at the program where the agreement was signed.

The state government would push green energy in a big way and BPCL would be provided with all the support from grounding to commissioned projects, he said.

“This is an important occasion when a company like BPCL has joined hands with the state government for the production of green energy,” said Development Commissioner PK Jena.

BPCL Chairman and MD Arun Kumar Singh said that many parts of Odisha have great potential for the production of solar and ethanol energy.

The agreement provides for joint collaboration to investigate the feasibility of setting up hydrogen production plants for both domestic and export use.

It would also help Odisha-based heavy industry to meet its non-fossil power requirement, officials said.

The company aims to set up a 10 gigawatt renewable energy production capacity, in a mix of solar, wind, small hydro and biomass by 2040, they said.

(Only the headline and image of this report may have been re-edited by Business Standard staff; the rest of the content will be automatically generated from a syndicated feed.)

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