Assam to Boost Renewable Energy Capacity with 620 MW Project under APGCL-OIL Joint Venture

by Psu Connect
Date: 18-03-23

The Government of Assam has given its approval for a joint venture between Assam Power Generation Corporation Ltd. (APGCL) and Oil India Ltd. (OIL) for the development of renewable energy projects in the state.

NEW DELHI- The Government of Assam has given its approval for a joint venture between Assam Power Generation Corporation Ltd. (APGCL) and Oil India Ltd. (OIL) for the development of renewable energy projects in the state. The joint venture is expected to have a total capacity of 620 MW, comprising of 500 MW of solar power and 120 MW of wind power.

This initiative is part of the government's efforts to increase the share of renewable energy in the state's energy mix and reduce dependence on fossil fuels. The renewable energy projects are also expected to help the state in meeting its renewable purchase obligation (RPO), which mandates a certain percentage of electricity to be procured from renewable sources.

The joint venture between APGCL and OIL is expected to attract investment and create job opportunities in the state. It is also expected to contribute to the socio-economic development of the state by providing a sustainable source of energy.

The solar power projects will be set up in various districts of the state, including Sivasagar, Jorhat, Golaghat, Kamrup, Nalbari, and Dhubri. The wind power projects will be located in Dibrugarh and Tinsukia districts.

The joint venture is also expected to bring in the latest technology in renewable energy and create a knowledge hub for renewable energy in the state. The project will be implemented in a phased manner, with the first phase expected to be completed in the next two years.

The approval of this joint venture is a significant step towards achieving the government's vision of a sustainable and energy-efficient Assam. The development of renewable energy projects will not only contribute to the state's energy security but also help in mitigating the impact of climate change.

In conclusion, the joint venture between APGCL and OIL for the development of renewable energy projects in Assam is a positive development for the state. The initiative is expected to create employment opportunities, attract investment, and contribute to the socio-economic development of the state. It is also expected to help the state in meeting its renewable energy targets and reduce its carbon footprint.