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Updated On:19/02/2018
Renewable energy

Oil has always been at the forefront of embracing new technologies and concepts for opening up new vistas and put a stride forward towards sustainable energy security of the nation. As a part of it’s straight intent OIL over the last few years has diversified into the Alternative (renewable) Energy domain, specially into the wind and solar segments and has so far established Commercial nature renewable energy projects of 150.3MW comprising of 136.3MW Wind and 14MW solar energy projects.


The Company’s foray into the wind energy domain thus far comprises of maiden 13.6MW Wind Energy Power Project commissioned at Ludurva, Jaisalmer, Rajasthan in March 2012, a follow up 54MW Wind Energy Power Project commissioned at Dagri, Jaisalmer, Rajasthan in March 2013, third Wind Energy Power Project of 54 MW capacity which was a split project commissioned at in March 2015 with 16 MW commissioned at Patan, Gujarat and 38 MW commissioned at Chandgarh, Madhya Pradesh. In FY 2016-17, OIL undertook its fourth Wind Energy Power Project of 52.5MW capacity, which was again a split project to be commissioned in Madhya Pradesh & Gujarat, with an installed capacity of 27.3MW in Kotiya, Gujarat and 25.2MW in Unchawas, Madhya Pradesh. Out of the total capacity, 8.4MW in Kotiya, and 6.3MW in Unchawas have already been commissioned, and the remaining portions are in different stage of commissioning.


While OIL’s presence in the wind energy segment as on date is quite significant, the same though modest in the solar energy segment is steadily improving with a 5MW solar power project operational since 2014 and another 9MW solar power plant commissioned as Ramgarh, Jaisalmer, Rajasthan in 2016.

Additionally, two 100KWp solar power projects have been commissioned till date, one in Oil Collecting Station( OCS) Jaipur, Dibrugarh, Assam and other at Tannot Village Complex, Jaisalmer, Rajasthan in March 2012 and March 2013 respectively. Third Solar project of capacity 30KWp (rooftop) commissioned at Corporate Office, Noida in October 2012. Two nos. of 20KWp solar power projects were commissioned in FY 2014-15 at the Repeater station of OIL’s pipelines in Jagiroad, Assam and in Kishanganj, West Bengal.


OIL proposes to commission 500KW Solar project in Pump Station #3, Jorhat Assam in FY2017-18.


All the renewable energy projects (commercial) have been successfully connected to the power grid of the respective states.


Since being commissioned, these sustainable projects have provided both tangible and intangible benefits to the Company.  Besides contributing to the Company’s bottom line through sales of power as well as by reaping the benefits of fiscal incentives introduces by the Government from time to time, these projects have improved both the visibility and the brand image of OIL as a promoter of Green Energy and have added their bit towards the Nation’s thrust in promoting RE initiatives and attaining Energy Security.


OIL generated revenue of Rs. 117 crores in FY 2016-17 from the renewable energy sources.


OIL's expansion in the RE segment is a significant stride towards achieving its vision of being an energy company committed to India's energy security through both conventional and non-conventional energy solutions. This selective diversification into the alternate energy sources was a strategic decision under the Company's Strategic Plan. OIL has always strived to be a socially and environmentally Responsible Corporate Citizen and its foray into the renewable energy sector is a committed step towards providing sustainable energy for the nation's growth and development. OIL would continue its journey towards expanding its renewable energy resources in future with participation in many more such projects.