Tripple Bottom Line
IndianOil’s foray into renewable energy is aimed not only towards diversification of its energy portfolio but also for alleviating energy poverty and improving energy access at the ‘base of the pyramid’ in India. Efforts are being made to improve resource efficiency in operations, especially for key resources like energy and water and adopt the “3-R” (Reduce, Recycle and Reuse) philosophy for all types of wastes towards prevention of pollution and disposal of wastes in line with regulatory requirements or beyond industry best practices.
While IndianOil’s approach has been to reach energy to all in a sustainable manner, the Renewable Energy & Sustainable Development group was created at the Corporate level in 2010 to lend focused attention to the environmental aspect of sustainable development. Every proposed initiative/action has to satisfactorily answer the question “How does it impact society at large and the environment?”
IndianOil’s environmental objective is to
Green auto fuels, energy efficient technologies, shifting equilibrium of market dynamics towards rural communities besides tapping alternative energy sources are some of the steps that are in progress in the Corporation. The significant milestones in the journey are:
- Reduce its carbon footprint
- Become water positive
- Manage waste responsibly
Solar Energy (Grid): IndianOil, the only CPSE to have been selected amongst the 30 shortlisted out of about 350 participating project developers, won the competitive bid to install a 5 MW solar power project in Rajasthan under the Jawaharlal Nehru National Solar Mission Phase I Batch I. The solar power project, was commissioned in January 2012.
Wind Energy: IndianOil has set up a 21 MW wind power project in Gujarat which has been operational since Jan 2009. The project has been registered as a CDM project in May 2011. The second wind power project of 48.3 MW in Andhra Pradesh is presently under implementation.
Nuclear Energy: IndianOil has set up a JV company with Nuclear Power Corporation of India Ltd. to put up a 2 X 700 MW nuclear power plant at Rawatbhata, Rajasthan with Pressurised Heavy Water Based Reactor (PHWR) technology . The project is scheduled to be completed by 2017. |
Biofuels: IndianOil and Chhattisgarh Renewable Energy Development Authority (CREDA) have formed a JV called the IndianOil-CREDA Biofuels Ltd. and undertaken nearly 6000 ha plantations of Jatropha curcas in different districts of Chhattisgarh. In the year 2009, a pilot Jatropha plantation project on revenue wasteland in Jhabua district of Madhya Pradesh was taken up and about 300 ha has been planted. The projects at Chhattisgarh and Madhya Pradesh have generated more than 3.5 lakh mandays of rural employment.
The IndianOil-Ruchi Biofuels LLP has been formed with Ruchi Soya Industries Ltd. under the P4 model (Public-Private-Panchayat Partnership) to set up Biodiesel value chain with MNREGS funding for Jatropha curcas plantation in Uttar Pradesh. The LLP has completed about 1700 Ha of plantation in five districts of UP.
Other initiatives include -
Retail Outlet solarisation: Solar Photovoltaic systems are being installed at retail outlets to minimize the use of diesel generators for dispensing units and lighting loads, thereby reducing carbon emissions.
Ecological Footprinting : An ‘as is’ exercise is currently on to assess the ecological footprint of IndianOil’s operations in terms of carbon emissions, water use and waste generation.
Carbon Neutrality: IndianOil is conscious of its carbon footprints and constantly endeavours to make all its major events/workshops/seminars/conferences carbon neutral.
Rainwater Harvesting: Keeping in view the fact that water is an invaluable resource, IndianOil has been taking up rainwater harvesting projects at several of its locations.
Eco-friendly utilization of organic waste: In order to dispose of kitchen/horticultural organic waste in an environmentally-friendly manner, the use of Organic Waste Converters is being promoted at locations.
Solar lanterns: With over 50% of India’s population not having access to electricity, IndianOil is striving to provide basic energy solutions to the ‘base of the pyramid’ by distributing solar lanterns through its extensive retail network and Kisan Sewa Kendras spread across the country. More than 30,000 Solar lanterns have been sold during 2010-11.
Awareness Generation programmes: With a view to ingrain sustainability in the DNA of every employee of the Corporation, regular workshops and training programmes are organised to generate awareness about sustainability issues.