HPCL signed MoU with Solar Energy Corporation of India

A Memorandum of Understanding (MoU) was signed on February 24, 2022 in New Delhi between Hindustan Petroleum Corporation Limited (HPCL) and Solar Energy Corporation of India Limited (SECI) to accomplish green energy targets and the Government of India’s efforts towards a carbon-neutral economy.

KEY POINTS:

• Shuvendu Gupta who is the Chief General Manager of HPCL for Biofuels and Renewables, and Sanjay Sharma who Executive Director of SECI, signed the MoU.
• The Memorandum of Understanding envisions cooperation and collaboration in the fields of renewable energy, electric mobility, and alternative fuels, as well as the development of ESG Projects.
• HPCL plans to diversify further in the RE and Electric Mobility sectors, as well as pursue the development of ESG projects, in order to meet the Government of India’s target to increase the RE capacity and accelerate the adoption of electric mobility in India.

 Solar Energy Corporation of India:

SECI, the Solar Energy Corporation of India Limited, has been in the forefront of RE capacity development and is credited with bringing the country’s lowest RE tariffs. SECI promotes and develops a variety of renewable energy resources, including solar/wind energy, RE-based storage systems, waste to energy, power trading, R&D projects, and RE base goods such as green hydrogen, green ammonia, and RE-powered electric vehicles, among others.