OIL signed a Joint Venture Agreement (JVA) with Assam Power Generation Corporation Ltd. (APGCL) on 8th of January, 2024 at Guwahati in order for achieving OIL’s target for net zero by 2040. OIL already established 188.1 MW of renewable energy plants across Rajasthan, Gujarat and Madhya Pradesh.
The JVA was executed by Biswabrata Lahkar, Executive Director (Business Development) on behalf of OIL and Bibhu Bhuyan, Managing Director on behalf of APGCL in presence of Chairman, APGCL and other senior officials of OIL and APGCL.