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BPCL inks MoU with Eco Wave Power

21 Feb 2025 Evaluate

Bharat Petroleum Corporation (BPCL) has signed a Memorandum of Understanding (MoU) with Eco Wave Power Global AB (Eco Wave Power) to develop wave energy-based renewable power projects across India jointly. The agreement, signed during India Energy Week 2025, marks a pivotal milestone in integrating wave energy as a significant component of India's clean energy transition. 

Under this MoU, BPCL and Eco Wave Power will conduct a feasibility study for deploying wave energy projects across India. The first phase will focus on installing a 100-300 kW pilot project at BPCL's Mumbai Oil Terminals, setting the foundation for larger commercial-scale installations. The company will oversee regulatory approvals, permits, and land use consents, while Eco Wave Power will provide its patented wave energy conversion technology, conduct research, and optimize power generation efficiency. This partnership directly allows Eco Wave Power to enter one of the world's fastest-growing renewable energy markets, leveraging BPCL's vast infrastructure and financial strength.

BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.

BPCL Share Price

292.65 -6.70 (-2.24%)
13-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1314.55
Indian Oil Corp. 141.05
BPCL 292.65
HPCL 349.00
MRPL 170.90
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