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BPCL to set up wind farm in Andhra
May 14, 2008: Public sector oil company Bharat Petroleum Corporation Limited (BPCL) is planning to set up a 5 MW wind power farm in Andhra Pradesh. This will be on the lines of those operating in Rajasthan and Kerala.
The company is likely to sign a memorandum of understanding with Hyderabad-based Nandan Biomatrix for biofuel production. It also has plans to set up similar facilities in Tamil Nadu and Gujarat. The company is working on a 1 MW power plant based on solar farm in Punjab.
BPCL has also planned a bio-diesel chain in a joint venture with Nandan Biomatrix in Uttar Pradesh. The company will invest Rs.2,132 crore over the next 10 years and envisages cultivating jatropha on one million acre. The venture is expected to create one million jobs and produce one million tonne of bio-diesel.
Source: Business Standard