ONGC’s ambitious plan aligns with the Centre’s goal of net zero carbon dioxide emissions by 2070
State-owned Oil and Natural Gas Corporation Ltd (ONGC) plans to invest Rs.1 lakh crore to scale its renewable energy capacity to 10 gigawatts (GW) by 2030. ONGC’s ambitious plan aligns with the Centre’s target to reduce carbon dioxide emissions to net zero by 2070.
It was 189 megawatts in 2022-23, company’s chairman Arun Kumar Singh told reporters in a virtual press conference on Monday.
“The country’s energy demand will keep going up. It’s not that fossil fuel demand in India will go down. For others, it may go down by 2030 but India will still see growing fossil fuel demand till 2040,” Singh said.
Several global energy giants like Exxon, BP, and Total are gradually focusing on green energy businesses.
[With Inputs from IANS]
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