New Delhi: The Northern Regional Office of Indian Oil Corporation Limited (IOCL) situated in Green Park (New Delhi) has commissioned the 50 KW on-grid rooftop solar power plant in its office premises. It was inaugurated by Indian Oil's Director (Marketing) Gurmeet Singh in the presence of Executive Director (Human Resources), Head Office; UP Singh, Executive Director (Regional Services), Northern Region; Dr Harsh Sachdev and other senior officials.
Speaking on the occasion Singh said, "Sustainable development is not just a mere slogan for Indian Oil, but it is deeply imbibed in the ethos of our corporation." He added that Indian Oil has always been committed to a sustainable business strategy and initiatives such as the rooftop solar plant at NRO will help continue Indian Oil's growth as an environmentally responsible organisation.
The solar plant has 150 solar panels of 335 Watt each and will generate approximately 50,400 units of electricity annually. Indian Oil will save nearly Rs 5.59 Lakh every year due to the on-grid rooftop solar power plant. The investment in the solar plant would be returned in just 3.7 years.
Indian Oil recognises its responsibility to the people and the environment. In line with the strategic approach to becoming a future-ready organisation, the company is taking several initiatives to enhance its energy efficiency and its reduce Greenhouse gas emissions. Indian Oil has totally renewable energy installed capacity of 226 MW which includes 21 MW of grid-connected solar power plants, 37 MW of off-grid solar plants and 168 MW of wind power plants.
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