Oil India plans green hydrogen valley foray, eyes geothermal exploration

livemint.com:

₹25,000 crore towards this initiative. And this includes, out efforts in terms of bioethanol, that is 2G ethanol. Our efforts to reduce gas flaring by creating infrastructure for evacuation of natural gas.

And feeding it to the northeast gas grid and the national gas grid. This also includes displacing the diesel component in our operational area by natural gas. This also includes the renewable energy parcel along with the government of Assam with a number called 640 MW of solar.

The first stage is 25 MW. And we are also discussing with Himachal Pradesh government for about 150 megawatt of solar. We are also having some discussion with Odisha government on solar.

A. In terms of Assam, there is a local joint venture with a state government entity. In Himachal Pradesh, that’s the model.

We will strongly believe that a local entity collaboration, helps us to get the traction in the state and the power purchase agreement becomes easier. So we would do anything always in collaboration. A.

We are primarily an E&P company. Our focus is domestic exploration and production. The renewable for Oil India Limited will be a vertical.

It will be an alternative energy vertical. And our interest in renewable is to use that for the purpose of our net zero upsetting and for the purpose of wheeling the electricity for green hydrogen. So with this construct, if government of Assam has created a narrative for 25 MW now, to 620 MW, Himachal Pradesh government is giving us an access to put up 150 MW.

I think this is for the time being, we are looking at it. So because in the never say never you don’t know right but as of now this is the portfolio. A.