EESL and GAIL Signed an MoU for Trigeneration projects
News Desk, News Nation 360 : GAIL (India) Limited and Energy Efficiency Services Limited (EESL) has signed a Memorandum of Understanding (MoU) in New Delhi for cooperation in the development of Trigeneration projects in India. 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. 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 projects. Santanu Roy, Executive Director (Business Development & Project Development) signed the MoU on the behalf of GAIL, while Amit Kumar Kaushik, Executive Director (Strategic Growth) inked the MoU on the behalf of EESL in the august presence of Manoj Jain, C&MD - GAIL and Saurabh Kumar, MD - EESL through video conference. During the signing ceremony, Manoj Jain stated that 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 companies.
Report : Anustup Kundu