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GAIL Gas signs MoU with Energy Efficiency Services

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Capital Market

For fast tracking co-generation and tri-generation projects

GAIL Gas, a subsidiary of GAIL (India) has signed a Memorandum of Understanding (MoU) with Energy Efficiency Services (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 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 cogeneration 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 with in 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.

 

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First Published: Nov 13 2018 | 10:10 AM IST

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