ONGC's Strategic Investment for Integrated Energy Transition by 2038
ONGC plans to invest Rs 2 lakh crore by 2038 to decarbonize and evolve into an integrated energy company. This comprehensive roadmap aims for significant emissions reductions while expanding renewable energy capabilities.
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ONGC is set to invest approximately Rs 2 lakh crore by 2038 in its energy transition roadmap, which includes initiatives in renewables, green hydrogen, and carbon capture. The transition is organized into three phases: short-term (up to 2030), medium-term (2030-2035), and long-term (up to 2038).
During the short-term phase, ONGC targets 3.89 GW of renewable energy and a 50% reduction in absolute emissions. The medium-term focus includes expanding green hydrogen and ammonia capabilities. By 2038, ONGC aims for operational Net Zero for Scope 1 and Scope 2 emissions, reflecting a strategic shift towards sustainability and energy security.
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