"Innovation And Capacity Building Are Central To CPCL's Organizational Development & Long-Term Success"
Dalal Street Investment Journal|May 06, 2024
Interview - Shri Arvind Kumar, Managing Director, Chennai Petroleum Corporation Ltd.
"Innovation And Capacity Building Are Central To CPCL's Organizational Development & Long-Term Success"

How is CPCL planning to navigate the potential shift toward renewable energy sources in the long term?

The pace at which the world is embracing renewable energy is unprecedented. This underscores a paradigm shifts towards cleaner, more sustainable energy sources which is a testament to the collective efforts of Government, Industries and Individuals to combat climate change and transition towards a greener future. The future investments of CPCL will be balanced between conventional and renewable energy with a focus towards energy security, availability and affordability.

Presently CPCL has around 20 MW capacity of renewable power including wind and solar energy. CPCL is further adding 10 MW of solar power by end of this year. We have also targeted to set up 10 KTPA green hydrogen facilities by 2030 and plans are underway to add sufficient renewable energy source in phased manner.

What strategies are in place to meet the increasing demand for refined petroleum products in India, considering the projected growth of 2.2 per cent annually in primary energy demand?

This story is from the May 06, 2024 edition of Dalal Street Investment Journal.

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This story is from the May 06, 2024 edition of Dalal Street Investment Journal.

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