In the next two years, Indian Oil will run 24 EV charging stations in Goa.

Panaji: As the use of electric cars rises, Indian Oil Corporation Ltd (IOCL), which now runs 10 EV charging stations in Goa, wants to boost this number to 24 over the next two years. In order to transition to cleaner fuels, the government-owned petroleum refinery also intends to invest somewhere between Rs 30 and Rs 40 crore in Goa.

According to Anirban Ghosh, executive director of Maharashtra and Goa, IOCL intends to increase the number of CNG and EV charging stations in Goa as well as add solar power plants at 14 fuel stations and the Vasco fuel farm.

As part of its capital expenditures for 2022–2023, Indian Oil would spend around Rs 10 crore this fiscal year upgrading supply sites. We also have a plan to update our current supply stations in Vasco. Work is now underway, and an expenditure of between Rs 30 and Rs 40 crore is anticipated, according to Ghosh.

Ten EV charging stations have been constructed by Indian Oil at retail locations, and three more are anticipated by March 2023. Seven retail locations provide CNG, and two more are in the works.

CNG stations are being installed in our current retail locations. We intend to install 10 additional EV charging stations in the upcoming years, bringing the total to about 24 places, according to Ghosh.

According to him, IOCL is making investments in improved biofuels, electric batteries, hydrogen storage technology, and carbon capture and storage.

Throughout addition to a solar power producing unit at Vasco, the diversified petroleum company has already erected solar plants at 10 retail locations in Goa. By March 2023, they also want to install solar plants at four additional gasoline stations.

These gas stations are not entirely solar-powered since, in general, solar requires room. The solar system and any available storage capacity are provided by us. As a result, there are instances when the installed capacity is insufficient to meet the demand. Wherever possible, we should give solar energy, according to our plans, added Ghosh.

In response to a question from reporters, Ghosh stated that Goa's use of diesel and gasoline had already surpassed pre-Covid levels.

Additionally, he stated that IOCL is on pace to achieve its objective of increasing the ethanol blend in fuels from the current 10% to 20% by 2025. In Goa, there is currently no need for ethanol. Petrol with high performance is in demand. You can see that Goa is not comparable to metropolises in terms of acreage, remarked Ghosh.

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