Hindustan Petroleum, SECI Ink Pact To Work Together In Renewable Energy, Electric Mobility And Alternative Fuels

by Swarajya Staff - Mar 1, 2022 11:28 AM +05:30 IST
Hindustan Petroleum, SECI Ink Pact To Work Together In Renewable Energy, Electric Mobility And Alternative FuelsA Representative Image (Adani Green)

Oil major Hindustan Petroleum Corporation Limited (HPCL) and Solar Energy Corporation of India have signed a pact for collaboration in the fields of renewable energy, electric mobility and alternative fuels.

The pact will help the HPCL to further diversify in the renewable energy and electric mobility sectors.

"In order to realise green energy objectives and government's efforts towards carbon-neutral economy, a Memorandum of Understanding (MoU) has been signed between Hindustan Petroleum Corporation Limited (HPCL) and Solar Energy Corporation of India Limited (SECI) (SECI) on 24 February in New Delhi," Petroleum Ministry said in a release on Monday (28 February).

The MoU was signed by Shuvendu Gupta, chief general manager- biofuels and renewables, HPCL, and SECI executive director Sanjay Sharma.

The MoU envisages cooperation and collaboration in the field of Renewable Energy, Electric Mobility, and alternative fuels including the development of ESG (Environmental, Social, and Governance) projects, the ministry said.

The Solar Energy Corporation of India Limited (SECI) is a Central PSU under the administrative control of the Ministry of New and Renewable Energy (MNRE). It was set up in 2011 to facilitate the implementation of National Solar Mission (NSM).

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, etc.

Get Swarajya in your inbox everyday. Subscribe here.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber
Comments ↓
Get Swarajya in your inbox everyday. Subscribe here.
Advertisement

Latest Articles

    Artboard 4Created with Sketch.