ONGC signs MoU with Solar Energy Corporation of India (SECI)
Oil and Natural Gas Corporation Ltd (ONGC) has signed a Memorandum of Understanding (MoU) with Solar Energy Corporation of India (SECI). The MoU was signed by ONGC CMD Subhash Kumar and SECI MD Suman Sharma on behalf of the two national energy companies on 2 December 2021, in New Delhi. The MoU provides a broad, overarching framework for ONGC and SECI to collaborate and cooperate for undertaking renewable energy projects including solar, wind, solar parks, EV value chain, green hydrogen, storage, etc.
ONGC, India’s leading oil & gas company, has been pursuing green energy agenda through various alternatives and renewable sources of energy. It has set a target of producing a minimum of 10 GW of renewable power by 2040 while continuing its focus on the core E&P business.
Solar Energy Corporation of India (SECI), a PSU under Ministry of New and Renewable Energy (MNRE), is engaged in promotion and development of various renewable energy resources, especially solar/wind energy, RE-based storage systems, trading of power, R&D as well as RE-based products like green hydrogen, green ammonia, RE-powered EV, etc. SECI is also the designated implementing agency for many RE schemes of the Government like VGF schemes, solar park schemes, ISTS projects for solar and wind, CPSU schemes, etc.
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