India, June 30 -- Indian Oil Corporation (IOC) is planning to set up a new technology development centre focussed on clean and alternative energy solutions. The new centre at Faridabad on the outskirts of the national capital will be the second R&D campus of IOC. The R&D Centre is designed to achieve the highest sustainability rating of LEED Platinum certification and has been designed to be a net-zero campus in terms of energy and water use; its power (9 MW) and water needs will be met through on-campus solar energy and water-harvesting systems.

The new campus, coming up on a 60-acre plot at a cost of Rs 2,200 crore, would focus on demonstration and deployment of a wide range of technologies developed by IOC R&D and will work in tandem w...