BPCL Plans to Set up 240 MW Renewable Power Facilities in UP, MP and Maharashtra

State-run Bharat Petroleum Corporation Ltd (BPCL) is planning to set up 240 MW of renewable power capacity at the cost of Rs 16 billion this fiscal, a senior company executive said.

"We will soon be setting up solar and wind power facilities. We have plans to set up 240 MW of solar and wind energy farms in Uttar Pradesh, Madhya Pradesh and Maharashtra at an estimated cost of Rs 16 billion," said Sukhmal Kumar Jain, director (marketing) at BPCL. Approximately 50 MW solar projects are already under construction at BPCL's facilities.

The company is targeting a captive requirement for its refineries first, which is about 350 MW. "We undertook multiple solar projects of smaller size to gain experience. We are now confident to take up bigger projects and shall be participating in renewable energy tenders in the future," Jain said.

BPCL has committed to offset emissions from refining operations and from the energy it uses by 2040, referred to as Scope 1 and 2 emissions.