Schedule a Call Back
ONGC to invest $6.2 bn on green energy projects
2022-07-29
Oil and Natural Gas Corporation (ONGC) and its partners will invest $6.2 billion in green energy projects to produce carbon-free hydrogen and green ammonia as part of an ambitious decarbonisation drive.ONGC has signed a pact with Greenko, one of India's largest renewable energy companies, to form a 50:50 joint venture for green energy projects.
The JV will set up 5.5-7 gigawatts (GW) of solar and wind power projects, and use electricity generated from such plants to split water in an electrolyzer to produce green hydrogen, which in turn would be used for manufacturing green ammonia.
Subscribe Now
Subscribe to our Newsletter & Stay updated
RECENT POSTS
Popular Tags
Folliow us
Related Stories
myHQ Report: Flexible Workspaces Dominate Demand
myHQ reports that 73 per cent of office space searches in India now favour flexible workspaces, with traditional leasing accounting for less than...
BITS Pilani Opens Smart Manufacturing Centre
BITS Pilani, through its Work Integrated Learning Programmes, inaugurated its Smart Manufacturing Competency Centre in Bengaluru, the second in a...
TK Elevator Begins India Factory Expansion Project
TK Elevator has commenced expansion of its manufacturing facility in India, marking a step towards strengthening local production and logistics c...
