India’s Top Oil Producer ONGC Plans $11 Billion Spending on Green Energy

Indian state-held Oil and Natural Gas Corporation Limited (ONGC), the biggest oil and gas producer in the country, plans to invest as much as $11.5 billion (1 trillion Indian rupees) in clean energy by 2030, a top ONGC executive told Bloomberg in an interview published on Wednesday. ONGC, the biggest oil and gas explorer and the company producing about 70% of all of India’s oil and gas, plans to have a portfolio of renewable energy of 10 gigawatts (GW) by 2030, ONGC’s director of finance, Vivek Chandrakant Tongaonkar, told Bloomberg.…