BPCL to set up 240 MW renewable power generation capacity

20 Apr 2023 , 09:57 AM

India’s second-largest government-owned downstream oil producer, BPCL is planning to set up 240-MW of renewable power capacity at the cost of Rs 600 crore, in this fiscal. 

Sukhmal Jain, Director (marketing), BPCL said, “We will soon be setting up solar and wind power facilities. We have plans to set up 240-MW of solar and wind energy farms in Uttar Pradesh, Madhya Pradesh, and Maharashtra at an estimated cost of Rs 600 crore.”

Solar projects of approximately 50 MW are already under construction at BPCL’s facilities.

The company is targeting a captive requirement for its refineries first, which is about 350 MW.

BPCL is exploring organic and in-organic opportunities as well as planning to bid for industry tenders going forward, as per company reports.

‘We undertook multiple solar projects of smaller size to gain experience. We are now confident to take up bigger projects and shall be participating in renewable energy tenders in the future,’ Jain added.