ONGC & SECI inks MoU to develop renewable, ESG projects

ONGC – To understand its environmentally friendly power energy targets, Oil and Natural Gas Corporation Ltd (ONGC) has marked a Memorandum of Understanding (MoU) with Solar Energy Corporation of India (SECI). The MoU was endorsed by ONGC CMD Subhash Kumar and SECI MD Suman Sharma for the two public energy organizations today, 2 December 2021, in New Delhi.

The MoU gives a wide, general system for ONGC and SECI to team up and collaborate for undertaking sustainable power projects including solar, wind, solar parks, EV esteem chain, green hydrogen, stockpiling, etc.

Talking about the event, Mr. Subhash Kumar said: “While we like the size and earnestness of the environmental change challenge, we likewise comprehend our responsibility towards energy security of the nation and are focused on doing our business in a manageable way. ONGC has a multipronged technique to make its environmentally friendly power energy portfolio more extravagant and has plans to logically move towards carbon nonpartisanship by compelling carbon the board and adding Renewable Energy Capacity We are devoted to satisfying India’s environmental responsibilities and anticipate a proceeding with the association.

ONGC, India’s driving oil & gas organization, has been seeking after environmentally friendly power energy plan through different other options and inexhaustible products of energy. It has set an objective of delivering at least 10 GW of inexhaustible power by 2040 while proceeding with its attention on the center E&P business.

Solar Energy Corporation of India (SECI), a PSU under the Ministry of New and Renewable Energy (MNRE), is occupied with the advancement and improvement of different environmentally friendly power assets, particularly sun based/wind energy, RE-based capacity frameworks, exchanging of force, R&D just as RE-based items like green hydrogen, green alkali, RE-controlled EV, and so on SECI is likewise the assigned executing organization for some, RE plans of the Government like VGF plans, solar-powered park plans, ISTS projects for solar and wind, CPSU plans, etc.

Extra Information:

ONGC JV/Subsidiaries particularly Refining and Petrochemicals organizations like MRPL, OPAL, OMPL offer incredible freedom for environmentally friendly power energy business because of the great credibility power utilization which can be possibly supplanted by green nonstop power and furthermore the Gray Hydrogen utilized in the process that can be continuously supplanted by Green Hydrogen.

ONGC has consistently been a leader with regards to accepting low-carbon advances and soaking up them in our cycles. ONGC has worked down its fossil fuel byproduct power by 13.67 percent throughout the most recent five years as a part of making its activities more manageable through assorted outflows decrease drives.

ONGC is the first non-American organization to be a part of the Global Methane Initiative (GMI). Through this program alone, ONGC could up until this point forestall roughly 20.48 MMSCM of methane gas leaks into the climate with an ecological advantage of around 3 lakh tons of CO2 Equivalent.

Considering the essential meaning of CCUS innovation towards progress to Net-Zero Emissions, ONGC is banding together with IOC for setting up a CCUS project for Enhanced Oil Recovery (EOR) from exhausted oil fields. The task will use CO2 caught from IOC’s Koyali processing plant for infusing into the drained repositories of the Gandhar oil field in Gujarat.

ONGC is likewise considering India’s initial 200-300 MW exhibit Wind seaward power project for which practicality study is completed mutually with NTPC Ltd.

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