On June 3, 2020 State-owned Natural gas company GAIL (India) Ltd (formerly known as Gas Authority of India Ltd) and Energy Efficiency Services Ltd(EESL) signed Memorandum of Understanding(MoU) for development of ”trigeneration” projects in India through video conference(VC).
Aim of MoU– To build a close strategic partnership between the two companies by jointly exploring business opportunities in the trigeneration business segment in India
Key Points
i.An equal(50:50) joint venture between the two companies will be incorporated for undertaking trigeneration projects if the studies made by 2 companies are viable.
ii.There is a significant market potential for trigeneration projects in India, especially for small industrial & commercial sectors and office buildings.
iii.Since the trigeneration business is at the initial stage, the collaboration will enable first movers to take advantage in the trigeneration business like GAIL’s city gas business.
iv.The strategic partnership is an advantage for both the companies, as the trigeneration business will push gas usage in the new applications which are in line with GAIL’s Strategy 2030.
What is Trigeneration?
Trigeneration or Combined Cooling, Heat and Power(CCHP) involves natural gas-fired generators to produce electricity. The waste heat emitted from flue gas is recovered to produce hot water or steam which is used for heating purposes and in absorption chillers for cooling.
Key People– MoU was signed between Santanu Roy, Executive Director (Business Development & Project Development), GAIL and Amit Kumar Kaushik, Executive Director (Strategic Growth), EESL. GAIL Chairman & Managing Director(MD), Manoj Jain and EESL MD Saurabh Kumar were also present.
About GAIL:
Headquarters– New Delhi, India
About EESL:
It is a joint venture of four National Public Sector Enterprises – NTPC Limited, Power Finance Corporation(PFC) Limited, Rural Electrification Corporation(REC) Limited and Power Grid Corporation of India Limited (POWERGRID), and was set up under the Ministry of Power. EESL is a Super Energy Service Company (ESCO).
Headquarters– New Delhi, India
Chairman– Rajeev Sharma
