Oil India Expands Sustainability Efforts Through Strategic Partnerships and Green Energy Ventures
Key Ideas
- Oil India collaborates with MECL to explore and develop critical mineral blocks in India and overseas, focusing on energy security and sustainable growth.
- The formation of APGCL OIL GREEN POWER joint venture aims to plan, develop, and operate renewable and green energy projects, including green hydrogen infrastructure.
- The joint venture emphasizes research and development of green hydrogen technologies using renewable energy sources to promote green hydrogen as an alternative energy.
- Oil India, a state-owned Maharatna, is actively expanding its sustainability efforts through strategic partnerships and green energy ventures.
Oil India has signed a memorandum of understanding with Mineral Exploration and Consultancy (MECL) to collaborate in exploring and developing critical mineral blocks in India and overseas. The partnership aims to advance the exploration of critical minerals for energy security and sustainable growth. Additionally, Oil India has formed a joint venture with Assam Power Generation Corporation (APGCL) named APGCL OIL GREEN POWER to develop renewable and green energy projects, including green hydrogen infrastructure. This venture will focus on research and development of green hydrogen technologies using renewable energy sources. Oil India holds a 49% share in the joint venture, emphasizing its commitment to sustainability. The company aims to promote green hydrogen as an alternative energy source and contribute to the development of green energy projects for a more sustainable future.
Topics
Projects
Green Hydrogen
Renewable Energy
Sustainable Growth
Joint Venture
Strategic Partnerships
Exploration Activities
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