GAIL Gas signs MoU with EESL for fast-tracking co-generation and tri-generation projects
Deepthi | Myequity news | Date : 13-11-2018 11:00:00 IST
GAIL Gas Limited, a subsidiary of GAIL (India) Limited, has signed a Memorandum of Understanding (MoU) with Energy Efficiency Services Limited (EESL) for fast-tracking the implementation of co-generation and tri-generation projects and use of natural gas in industrial and commercial segments.
The MoU was signed by Shri A K Jana, Chief Executive Officer, GAIL Gas and Shri Saurabh Kumar, Managing Director, EESL in the presence of Shri Gajendra Singh, Director (Marketing), GAIL (India) Limited & Director, GAIL Gas and Shri Rajeev Mathur, Director GAIL Gas at INSPIRE 2018 conference.
The MoU is set to benefit commercial installations like hotels, hospitals, airports, commercial malls, commercial/ government building, integrated residential complexes, educational institutions, data center, among others, with the advantages of combined heat & power technology. It will help increase the consumption of natural gas through City Gas Distribution networks in co-generation and tri-generation projects, being a natural choice for operating the gas engines.
Under the MoU, EESL will manage equipments at the customer’s location and GAIL Gas will supply natural gas to the feasible projects within the authorised geographical areas. This MoU will help in achieving target set by Government of India to increase the share of natural gas in the energy mix of the country from the present level to 6.5% to 15% by 2020. Co-generation project will facilitate substantial financial savings on utility costs, large carbon reduction and increased security of supply. It can be used on any scale —from a micro to a medium-sized power station servicing a. whole, industrial complex as well as commercial complexes. It is fuel-efficient means of generating electricity and useful heat in the same process. About GAIL India Limited:
Gail (India) Limited (GAIL) (formerly known as Gas Authority of India Limited) is the largest state-owned natural gas processing and distribution company in India. It is headquartered in New Delhi. It has the following business segments: natural gas, liquid hydrocarbon, liquefied petroleum gas transmission, petrochemical, city gas distribution, exploration and production, GAILTEL and electricity generation. GAIL was conferred with the Maharatna status on 1 Feb 2013, by the Government of India.