By Devendra Shringi
Copyright indiatimes
ANIOil India
State-owned Oil India Limited (OIL) has signed a Joint Venture Agreement (JVA) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) for developing 1.2 GW of renewable energy projects in Rajasthan, the company announced on Friday.The signed projects include 1000 MW of solar power and 200 MW of wind power capacity to be established within RVUNL’s Renewable Energy Park. The formed joint venture company will harness OIL’s energy sector expertise and RVUNL’s extensive experience in power project development to deliver sustainable energy solutions. “.The partnership will focus on solar, wind, green hydrogen, and other renewable energy initiatives, supplying clean power to Distribution Companies (DISCOMs) and commercial customers,” the company said in a statement.The agreement was signed by Devendra Shringi, Chairman & Managing Director of RVUNL, and Ranjan Goswami, Executive Director (Business Development) of OIL. Ajitabh Sharma, Principal Secretary Energy, Rajasthan and Trailukya Borgohain, Director (Operations), OIL were also present during the signing of the pact.Live EventsThis announcement follows another pact signed with Hindustan Copper Limited on Friday. OIL signed an MoU with HCL for exploration and development of critical and strategic minerals, including Copper and associated minerals.The oil company announced that it has ventured into critical minerals apart from its present portfolio of Oil and Gas. It is now engaged in mining, production, processing and marketing of copper and related products. “OIL and HCL’s partnership marks a crucial milestone in India’s pursuit of self-reliance in critical and strategic minerals including Copper and associated minerals,” the company said.Add as a Reliable and Trusted News Source Add Now!
Oil India Ltd. has established a wholly owned subsidiary, OIL Green Energy Limited (OGEL) that drives its clean energy strategy. Under OGEL, the company has built a diversified portfolio in renewables, compressed biogas (CBG), energy storage, and green hydrogen.(You can now subscribe to our Economic Times WhatsApp channel)
Read More News onoil india limitedOil India Limitedoil indiarvunlRajasthan Rajya Vidyut Utpadan Nigam LimitedDistribution Companiesrenewable energy projects in RajasthanOIL Green Energy Limitedjoint venturegreen hydrogen
(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless
(You can now subscribe to our Economic Times WhatsApp channel)Read More News onoil india limitedOil India Limitedoil indiarvunlRajasthan Rajya Vidyut Utpadan Nigam LimitedDistribution Companiesrenewable energy projects in RajasthanOIL Green Energy Limitedjoint venturegreen hydrogen(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless
