Fortune Global 500 company and one of India’s leading oil and gas companies, Bharat Petroleum Corporation Limited (BPCL) has provided contracts for the development of 100 MW of 50-50 MW of 100 MW in the states of Madhya Pradesh and Maharashtra. The company announced this today.
This initiative of the company is a major step in the strategy of changing renewable energy of BPCL and reducing dependence on imported fossil-based energy. The contract letter (LOA) has been sent to Messrs Suzalon Energy Limited for the 50 MW wind power project in Madhya Pradesh and Messrs Integram Energy Infrastructure Limited for the 50 MW project in Maharashtra. These projects are expected to be completed within two years.
These wind power plants will meet the captive power requirements of BPCL’s Mumbai Refinery (Maharashtra) and Bina Refinery (Madhya Pradesh), allowing traditional fossil-based energy sources to be replaced with clean, renewable wind energy. The initiative is an important milestone in BPCL’s renewable energy roadmap, which imagines 10 GW’s ambitious portfolio by 2040. These efforts are in line with the comprehensive target of BPCL to become a pure zero energy company in Scope 1 and Scope 2 emissions by 2040.
About Petroleum Corporation of India Limited (BPCL)
The Petroleum Corporation of India (BPCL) is a Fortune Global 500 company and is the second largest oil marketing company in India. The company is engaged in the business of refining crude oil and selling petroleum products, and its presence is in both the upstream and downstream areas of the oil and gas industry. The company has achieved the status of Maharatna, giving it more operations and financial autonomy.
BPCL’s refinery plants are located in Mumbai, Kochi and Bina, whose total waste capacity is around 35.3 million metric tonnes per year (MMTPA). The company’s marketing network is full of various warehouses, depots, fuel pumps, airline service centers and LPG distributors. Its distribution network includes:
23,500+ fuel pump
6,200+ LPG distributor
500+ lube distributor
80 POL Storage Center
54 LPG Bottling Plant
79 airline service center
5 lube blending plant
5 cross-country pipeline
BPCL is focusing on sustainable options and is preparing roadmaps to become a pure zero energy company by 2040, including scope 1 and scope 2 emissions. The company has set up electric vehicle charging stations at more than 6500 fuel pumps. BPCL is involved in various social initiatives, and is partnered with the community in areas such as education, water conservation, skill development, health, community development, capacity building and employee volunteers. ‘To make life energetic’ is the company’s main mission and its vision is to become a preferred global energy company run by talent, innovation and technology.
