Oil India and APGCL Forge Joint Venture to Boost Renewable Energy Production

9 Jan 2024 , 10:05 AM

In order to support India’s efforts towards energy transition and to meet OIL’s target of net zero by 2040, Oil India Limited (OIL) and Assam Power Generation Corporation Ltd. (APGCL), a state public sector enterprise of Assam, have signed a Joint Venture Agreement (JVA) on January 8, 2024, in Guwahati. 

APGCL is primarily responsible for maximising energy generation to meet the energy demand and has committed to achieving maximum renewable power generation in the state.

The company has already built 188.1 MW of renewable energy facilities in Madhya Pradesh, Gujarat, and Rajasthan.

In front of the Chairman of APGCL and other top APGCL and OIL officials, Biswabrata Lahkar, Executive Director (Business Development), on behalf of OIL, and Bibhu Bhuyan, Managing Director, on behalf of APGCL, signed the JVA.

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