ONGC inks MoU with SECI to develop renewable, ESG projects!! ONGC – Oil and Natural Gas Corporation Limited is a crude oil and natural gas corporation. ONGC is administrated by the Indian government sector. ONGC’s official building is in New Delhi. The Ministry of Petroleum and Natural Gas, Government of India managed its accounts. It is the biggest government owned oil and gas exploration and Production Corporation in India, and produces around 70 percentage of the country’s crude oil and produces 57 percentage of the India’s total crude oil requirement and 84 percentage of India’s natural gas requirement.
The ONGC – Oil and Natural Gas Corporation signs the Memorandum of Understanding with SECI which is abbreviated to Solar Energy Corporation of India Ltd. SECI is a company of the Ministry of New and Renewable Energy, Government of India, established to facilitate the implementation of the National Solar Mission (NSM). On 2 December 2021, ONGC CMD Subhash Kumar and SECI MD Suman Sharma signed this Memorandum of Understanding. Renewable energy projects of solar, wind, solar parks, EV value chain, green hydrogen, storage, etc., are the list of renewable, ESG – Environmental, Social, and Governance, projects, which are listed to undertaken in the agreement of this MoU.
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