Five petroleum and gas sector PSUs will join the International Solar Alliance: Dharmendra Pradhan

New Delhi (Natural Energy News): Five Public Sector Undertakings (PSUs) under the Ministry of Petroleum and Natural Gas will join the Alliance for Sustainable Climate Action (ISA-CSCA) of the International Solar Alliance (ISA) as corporate partners.

In his inaugural address at the first World Solar Technology Summit organized by ISA, Minister of Petroleum and Natural Gas, Mr. Dharmendra Pradhan said that Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL)), Hindustan Petroleum Corporation Limited (HPCL) and GAIL (India) Limited will contribute to the Corpus Fund of ISA.

Mr. Pradhan said that Indian oil and gas companies are actively participating in this clean energy transition. “To reduce carbon footprint, these companies will focus more on green energy investments such as renewable, biofuels and hydrogen. We are actively encouraging the industry in particular, and oil and gas companies in particular to be partners in this solar transition. ", They said.

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Regarding the achievements so far in the region, Mr. Pradhan said that our oil and gas companies are also making efforts to deploy solar panels in the value chain of their operations, and the current installed solar power capacity is 270 MW. “Additional 60 MegaWatt solar power will be expanded in the next year. We have embarked on a mission to solarize about 50% of fuel stations owned by public sector oil companies over the next five years. More than 5000 fuel stations of Indian Oil, the largest public sector oil marketing company, went solar last year. Substantial solar PV capacity was also added by the oil and gas companies during the last few years. "

The minister said that oil and gas PSUs are evaluating new opportunities in solar and RE space for rapid diversification. Recently, French major Total has also announced an investment to purchase a 2 GW operating PV plant in India. “Despite the challenges of the Covid-19 epidemic, we are in the process of overhauling India's supply chain and reducing dependence on solar module imports.

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Under the 'Atma Nirbhar Bharat Abhiyan' or Self-Reliable India Reforms announced by Hon'ble Prime Minister Narendra Modi, our country has received proposals from various players for manufacturing 10 GW of fresh solar equipment. Our company IOCL has tied up with M / s Sun Bucket System, which is working in the niche of US-based start-ups, by Honorable Prime Minister Narendra Modi to take action to develop low cost indoor solar cooking solutions.

Solar Energy Based Products. We are encouraging Indian oil and gas companies to develop innovative and scalable tie-ups in the solar sector that have the potential to make a nationwide impact. ''

Honourable Prime Minister Narendra Modi and the then French President, Mr. Pradhan, commended the role of ISA for the rapid progress of ISA since its launch at the United Nations Climate Change Conference in Paris on 30 November 2015. As the organization with its headquarters in India, ISA is not only a testament to India's unwavering belief in multilateralism but also a commitment to a better, sustainable and greener one. He said that the alliance reflects the vision and conviction that the benefits of the sun can be used to bring people of this planet together for a shared solution for our energy needs.

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Shri Pradhan said that at present there has been a vision to make solar energy accessible and affordable for the poor by addressing various financial and technical factors hindering such access. “The platform provided by ISA fits perfectly and matches the growing energy needs of countries around the world. The oil and gas companies in India will work closely with the ISA to help India as well as other countries, especially in other developing countries, where the ISA is focusing on the rapid development of solar energy infrastructure, ”emphasizes Mr. Pradhan gave.".

Expressing the belief that the large energy partnership of the Indian oil and gas industry will pave the way for a new era of solar development not only within India but also outside, Mr. Pradhan said that the key to this change and change is the progress in solar technologies And their deployment at affordable prices globally. He said that with a clear vision and adequate resource enhancements, collective efforts are needed at all levels - Governments, industry leaders, innovators and academia and technology developers to ensure that the benefits of the solar revolution are accessible in all countries Can. world.

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