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News Brief | August 2014

ONGC working on new JV for renewable energy projects

State-owned Oil and Gas Corp Ltd plans to set up a separate joint venture for its renewable energy business to set up 3 GW each of solar and wind power projects. ONGC is keen on a ¨single integrated firm¨ as a partner, which has renewable energy portfolios in both wind and solar domains. However, it is also willing to consider separate ventures each for these domains.
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