Indian Oil Corporation’s 2050 RES plan

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State-run Indian Oil Corporation Ltd. (IOCL) has announced its strategic investment plan for the year 2050.

As further stated in the report, the company wants to invest INR 5,000 billion (EUR 56.06 billion) in RES. A goal of 20 GW of renewable energy production should be set for 2050 as well as 7 million metric tons of biofuels and 9 million metric tons of biogas.

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