(ET)
Bhupendra Singh Poonia, Managing Director Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL), and Amit Garg, Executive Director Renewable Energy, Bharat Petroleum Corporation Limited (BPCL), signed a Memorandum of Understanding for a five-year period to collaborate in the fields of the feasibility of setting up renewable energy plant and green hydrogen plant (both for domestic and export customers), round the clock (RTC) power for consumers and proposed green hydrogen plants, setting up of requisite infrastructure, training, and knowledge sharing, etc.
“Odisha, being a power surplus state, is looking to further strengthen its position in power and these upcoming plants will help Odisha-based heavy industries to supplement their growing power requirements,” it further added.
BPCL also plans to spend Rs 25,000 crore to build a renewable energy capacity of 10 gigawatts comprising a mix of solar, wind, small hydro and biomass by 2040.
