Five Petroleum and Gas sector PSUs to join International Solar Alliance: Dharmendra Pradhan

Gas expectations change with several indices

On the achievements made in the sector so far, Pradhan said that our oil & gas companies are also making efforts to deploy solar panels across the value chain of their operations, and current installed solar power capacity is 270 MW

New Delhi : Five Public Sector Undertakings (PSUs) under Petroleum and Natural Gas Ministry will be joining International Solar Alliance (ISA)’s Coalition for Sustainable Climate Action (ISA-CSCA) as Corporate Partners and will be contributing to ISA’s Corpus Fund, said Ministry of Petroleum & Natural Gas on Tuesday.

In his inaugural speech at the First World Solar Technology Summit organized by ISA, Minister of Petroleum and Natural Gas Dharmendra Pradhan said that Oil and Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL) and GAIL (India) Limited will be contributing to ISA’s Corpus Fund.

According to a press statement, Pradhan said that increasingly and rightly so, Indian Oil & Gas companies are actively taking part in this clean energy transition. “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 & Gas companies in particular, become participants to this solar transition,” he added.

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