SECI and HPCL Ink MoU on Renewable Energy Initiatives

Article By : PIB India

HPCL and SECI have signed a MoU to realize green energy objectives and India's efforts towards carbon-neutral economy.

Hindustan Petroleum Corp. Ltd (HPCL) and Solar Energy Corporation of India Ltd (SECI) have signed a memorandum of understanding (MoU) to realize green energy objectives and India’s efforts towards carbon-neutral economy. The MoU was signed by Shuvendu Gupta, Chief General Manager, Biofuels & Renewables, HPCL, and Sanjay Sharma, Executive Director, SECI.

The MOU envisages cooperation and collaboration in the field of renewable energy, electric mobility, and alternative fuels including the development of ESG projects.

SECI has been at the forefront of RE capacity development and has been credited for bringing the lowest RE tariffs in the country. SECI is engaged in the promotion and development of various renewable energy resources, especially solar and wind energy, RE-based storage systems, waste to energy, trading of power, R&D projects, as well as RE base products like green hydrogen, green ammonia, RE-powered EV, to name a few.

In line with India’s objective of RE capacity development and faster adoption of electric mobility in the country, HPCL intends to further diversify in the RE sector and electric mobility sector and to take up the development of ESG projects.

 

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