{"id":161905,"date":"2024-02-10T12:50:11","date_gmt":"2024-02-10T07:20:11","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=161905"},"modified":"2024-02-10T12:50:14","modified_gmt":"2024-02-10T07:20:14","slug":"indian-oil-corporation-board-approves-%e2%82%b91660-crore-investment-in-ntpc-green-energy-jv","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/indian-oil-corporation-board-approves-%e2%82%b91660-crore-investment-in-ntpc-green-energy-jv\/","title":{"rendered":"Indian Oil Corporation Board Approves \u20b91,660 Crore Investment in NTPC Green Energy JV"},"content":{"rendered":"\n<p>Indian Oil Corporation\u2019s board has given the green light for an equity investment of \u20b91,660.15 crore, securing a 50% stake in the joint venture company Indian Oil NTPC Green Energy. This strategic move aligns with their commitment to renewable energy initiatives.<\/p>\n\n\n\n<p><strong>Joint Venture Details:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The joint venture was established in June, bringing together Indian Oil Corporation and NTPC Green Energy, a wholly owned subsidiary of power producer NTPC.<\/li>\n\n\n\n<li>The collaboration aims to develop renewable energy-based power projects, specifically focusing on solar PV and wind technologies.<\/li>\n<\/ul>\n\n\n\n<p><strong>Investment Purpose:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The approved funds will be utilized to set up state-of-the-art renewable energy power plants.<\/li>\n\n\n\n<li>These plants will play a crucial role in meeting the round-the-clock power requirements of upcoming projects within IndianOil refineries.<\/li>\n<\/ul>\n\n\n\n<p><strong>Key Points:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The equity contribution of \u20b91,660.15 crore solidifies Indian Oil Corporation\u2019s 50% stake in the IndianOil NTPC Green Energy joint venture.<\/li>\n\n\n\n<li>The investment plan, now approved, paves the way for the development of cutting-edge renewable energy projects, emphasizing solar PV and wind solutions.<\/li>\n\n\n\n<li>The initiative reflects a significant stride toward sustainability, indicating Indian Oil Corporation\u2019s commitment to clean energy and reducing its carbon footprint.<\/li>\n\n\n\n<li>By meeting the power demands of their refineries through renewable sources, Indian Oil Corporation takes a proactive step towards environmental responsibility.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Indian Oil Corporation\u2019s board has given the green light for an equity investment of \u20b91,660.15 crore, securing a 50% stake in the joint venture company Indian Oil NTPC Green Energy. This strategic move aligns with their commitment to renewable energy initiatives. Joint Venture Details: Investment Purpose: Key Points:<\/p>\n","protected":false},"author":419,"featured_media":161906,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[5227],"tags":[4916],"class_list":["post-161905","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-october-2023-current-affairs","tag-national-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/161905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/419"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=161905"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/161905\/revisions"}],"predecessor-version":[{"id":161907,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/161905\/revisions\/161907"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/161906"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=161905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=161905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=161905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}