- BPCL to invest Rs 200 crore to set up 100 fast EV charging corridors with 2,000 stations
Government-owned oil marketing company Bharat Petroleum (BPCL) on Wednesday said it will invest around Rs 200 crore this fiscal to set up 100 fast electric vehicle charging corridors with 2,000 stations on the 100 busiest national highways.
The company recently opened its first Electric Vehicle charging corridor with a single charging unit on the Chennai-Trichy-Madurai highway. The second corridor will come upon the Kochi-Salem section of National Highway 47 within the next two months, BPCL’s executive director of retail BS Ravi told PTI on Wednesday.
Ravi said that if the charging unit does not require a booster transformer, then such a unit which will be a full-fledged center with other facilities including toilets, refreshments/ food court, can be ready at a cost of Rs 7-12 lakhs. And if the unit needs a transformer, the cost will go up to Rs 25 lakh.
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“Considering this cost variation, we have budgeted an investment of around Rs 200 crore in the current financial year as we plan to set up more than 2,000 fast-charging stations across 100 corridors by March 2023,” Ravi said.