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.
An appeal from Swarajya
At Swarajya, we rely on our readers' support through subscriptions to sustain our media platform. Unlike larger conglomerates, we are unable to relentlessly chase advertising money — our model is largely built on your patronage.
Your support has never been more crucial. We work tirelessly to deliver 10-15 high-quality articles daily, ensuring you receive insightful content from 7 AM to 10 PM.
If you believe India's story has to be articulated in a way it has never been done before without shrugging it off, become a patron (or) subscribe now for ₹̶2̶4̶0̶0̶ ₹1999 and get 12 print issues, unlimited digital access for 1 year, a special India that is Bharat T-shirt (Offer ends soon).
We are counting on you!