New Delhi, 23rd November 2019 – Malaysia’s national oil company, PETRONAS is accelerating efforts to strengthen its business footprint in India by providing more innovative, tailor-made solutions that add value to the country’s energy aspirations.
With more than 20 years of strategic partnerships covering six business segments in India, PETRONAS continues to support the country’s aspiration to grow sustainably by pushing the boundaries of its expertise and technological advancements.
Over the years, India has grown in leaps and bounds driven by rapid urbanisation and the rising middle-class. By 2030, India will be home to seven megacities and see higher demands for energy, power and consumer goods.
“PETRONAS is on-track to build an effective business ecosystem in India to better serve our customers and stakeholders in this important market,” said Chairman of PETRONAS Energy (India) Private Limited, Rizan Ismail, at PETRONAS’ annual official visit to meet customers and partners here and in Mumbai recently.
In the past two decades, PETRONAS has made significant headways in enhancing its portfolio in India across the value chain, covering crude oil trading, LPG, petrochemical, lubricants, LNG and more recently, renewables.
Following the setup of a New Energy business unit, PETRONAS made its maiden foray into the renewable energy business in April 2019, with the acquisition of Amplus Energy Solutions Pte Ltd (Amplus) – a leading distributed energy solutions provider and developer that serves major customers across India, with a cumulative capacity of 600MW in operation and under development.
“The acquisition isin alignment with our aspiration to provide clean energy options that enrich people’s lives. Ultimately, we want to be known in India as a trusted partner and the leading provider of clean, cost-effective and sustainable solutions,” said Rizan.
Recently, Amplus achieved another milestone when it launched a new 75MW open access solar plant in Mirzapur, located in northern India’s state of Uttar Pradesh. This plant will offer low carbon energy solutions to industrial and commercial customers in the state and also happens to be the state’s first Open Access plant.
Meanwhile, PETRONAS’ lubricant business in India saw continued progress with the commencent of commercial operations for the company’s lubricant blending plant in Patalganga, Maharashtra.
With a production capacity of 97,000 mtpa, it enables PETRONAS to achieve its distribution network expansion to 35,000 outlets from the current 12,000 outlets across the country, by 2021.
In addition, PETRONAS’ LNG business in the country is expected to expand further as it explores potential opportunities throughout the gas value chain. This reflects PETRONAS’ commitment to support the Government of India’s aspiration of having natural gas achieve15% of the country’s total energy mix by 2030, by co-creating the gas market.
Currently, PETRONAS is actively tapping into India’s innovation ecosystem by forging strategic collaborations with major India-based companies. These include working with TATA Consultancy Services to optimise the Downstream integrated supply chain, as well as Accenture Ventures in Bengaluru and GEP in Mumbai to develop a centralised system for PETRONAS digital procurement.
At the sidelines of the official visit, PETRONAS Group President and Chief Executive Officer, Tan Sri Wan Zulkiflee Wan Ariffin, officiated the opening of the offices of PCM (Chemical) India Private Limited, PETRONAS (Energy) India Private Limited and PETRONAS Lubricants (India) Private Limited in New Delhi.
PETRONAS, through its UniversitiTeknologi PETRONAS (UTP), also signed MoUs with local institutions such as Amity University; BMS College of Engineering; Central Institute of Technology (CIT) Kokrajhar, and Vellore Institute of Technology (VIT) for collaboration in the areas of academic expertise exchange, research projects cooperation and students exchange. This marks the company’s commitment to expand collaboration with its Indian counterparts in the energy space and beyond.
“Moving forward, we will ramp up efforts to innovate and customise our product offerings by leveraging on the business synergy shared with our partners in India as well as our integrated experience and expertise in providing innovative solutions,” saidRizan.
About Amplus Energy:
Amplus Solar is Asia’s leading distributed energy company providing low carbon energy solutions to industrial and commercial customers. Amplus provides clean energy to its clients by setting up both on-site solar projects (rooftop and ground-mounted) and off-site solar farms.
Amplus is a member of Petroliam Nasional Berhad (PETRONAS) group, Malaysia and is headquartered in Singapore with offices in Bangalore, Bangkok, Dubai, Gurugram, Kuala Lumpur, Mumbai and Pune. Today, Amplus owns and manages a portfolio of 650+ MWp of distributed solar assets across Asia.
Amplus has also forayed into the Open Access segment and has a capacity of almost 200 MWp ground-mount projects – one in Chitradurga and one in Gadag, Karnataka. Currently, Amplus is working on an additional 200+ MW of open access Solar parks in Uttar Pradesh, Andhra Pradesh and Karnataka.
Amplus is also diversifying in new avenues such as Battery storage, Energy Efficiencies, Concentrated Solar Power Technologies and Electric vehicles among others.
Amplus’s operational plants are expected to cumulatively generate 11890 Million units of electricity over the 25 years duration of the projects. The CO2 abatement over the lifetime of these projects amounts to 11.43 Million Metric Tonnes. The environmental impact can also be equated to 13.13 Million mature trees absorbing CO2 for 40 years.
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