ONGC to invest Rs 2 trn in energy transition projects, says chairman
State-owned Oil and Natural Gas Corporation (ONGC) will invest about Rs 2 lakh crore to achieve zero carbon emissions by 2038, its chairman Arun Kumar Singh said on Tuesday.
The firm will invest Rs 1 lakh crore by 2030 in setting up 10 gigawatts of renewable energy capacity, green ammonia plant, and offshore wind energy projects, he told reporters here.
The remaining would flow thereafter to achieve Scope-1 and 2 net zero carbon emissions.
All this while it continues to hunt and produce more oil and gas.
