NREDCAP and IOCL sign agreement for infrastructure recharge feasibility study – The New Indian Express
VIJAYAWADA: The New & Renewable Energy Development Corporation of AP Ltd (NREDCAP) and Indian Oil Corporation Limited (IOCL) have signed a bilateral agreement to undertake detailed feasibility studies at IOCL retail outlets in Andhra Pradesh for the development of charging infrastructure as part of state and central government policy to promote electric mobility.
NREDCAP is the state’s nodal agency for promoting electric mobility policy guidelines issued to reduce vehicle emissions. The E-Mobility policy aims to phase out all fossil fuel commercial and logistics vehicles in the four major cities by 2024 and in all cities by 2030. Affordable, safe, reliable and accessible is essential to the development of e-Mobility.
Accordingly, NREDCAP is working with various ministries and public sector companies to develop charging infrastructure within a 3KM X 3KM network in urban areas and a 25KM gap on both sides of highways. On Friday, IOCL AP and Telangana Chief R Sravan S Rao held discussions with NREDCAP VC and MD S Ramana Reddy and signed a bilateral agreement.
Rao explained the various programs put in place by IOCL and said that they plan to set up 10,000 charging stations across India by 2024. He said they are partnered with CBG factories in cooking purposes with Tirumala Tirupati Devasthanams (TTD) and explained the scheme of Hydrogen production plants in various refineries.