Kolkata, June 4 — GAIL (India) Limited and Energy Efficiency Services Limited (EESL) has signed a joint Memorandum of Understanding (MoU) for cooperation in the development of Trigeneration projects in India.
The MoU aims at building a closer strategic partnership between the two companies by jointly exploring business opportunities in the Trigeneration business segment in India.
Under this MOU, GAIL & EESL shall jointly undertake studies and if found viable, 50:50 joint venture between GAIL & EESL will be incorporated for undertaking Trigeneration or Combined Cooling, Heat and Power (CCHP) typically involves natural gas-fired generators to produce electricity.
The waste heat from flue gas is recovered to produce hot water / steam which in turn used for heating purposes and also in absorption chillers for cooling.
GAIL’s Executive Director (Business Development & Project Development) Santanu Roy and EESL’s executive director Amit Kumar Kaushik signed the MOU in New Delhi on Wednesday in presence of Manoj Jain, C&MD – GAIL and Saurabh Kumar, MD – EESL through video conference.
During the signing ceremony, Mr Jain stated, “There is a significant market potential for trigeneration projects in India, particularly small industrial & commercial sectors and office buildings.
As trigeneration business is at the initial stage, the collaboration would enable to take first-mover advantage in the trigeneration business similar to GAIL’s city gas business. Further, it would also push gas usage in new applications which is in line with GAIL’s Strategy 2030. Accordingly, the strategic partnership between GAIL & EESL is a win-win situation for both the companies”.
EESL MD Saurabh Kumar added, “The intervention potential of trigeneration technology in revolutionising India’s energy landscape is significant. EESL is proud to pioneer the effort towards harnessing this potential with GAIL which will set a precedent for upcoming trigeneration projects. I wish both the parties all the very best for the successful implementation of this initiative”.
Energy Efficiency Services Limited (EESL), under the administration of Ministry of Power, Government of India, is working towards mainstreaming energy efficiency and is implementing the world’s largest energy efficiency portfolio in the country.
GAIL (India) Limited is India’s leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production & transmission, LNG re-gasification, petrochemicals, city gas, renewables, E&P, etc. GAIL also has global presence and business interests in USA, Singapore, Myanmar, China, and Egypt.