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EESL, GAIL India sign MoU for 'trigeneration' projects
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SME Times News Bureau | 03 Jun, 2020
Natural gas company GAIL India and Energy Efficiency Services (EESL)
signed a memorandum of understanding (MoU), here on Wednesday, for
development of 'trigeneration' projects in India.
"Under the MOU,
GAIL and EESL shall jointly undertake studies and if found viable,
50:50 joint venture will be incorporated for undertaking trigeneration
projects," EESL said in a statement.
They aim at building a
closer strategic partnership by jointly exploring business opportunities
in 'trigeneration' segment in India.
"There is a significant
market potential for trigeneration projects in India, particularly small
industrial & commercial sectors and office buildings. As
trigeneration business is at an initial stage, the collaboration would
enable GAIL to take the first-mover advantage similar to its city gas
business," said Manoj Jain, CMD of GAIL.
It would also push gas
usage in new applications is in line with GAIL's Strategy 2030, he said
and added, the strategic partnership between GAIL and EESL was a win-win
situation for both the companies.
The 'trigeneration' or
'combined cooling, heat and power' project involves natural gas-fired
generators to produce electricity. Under this, the waste heat from fuel
gas is recovered to produce steam, which is used for heating and also in
absorption chillers for cooling.
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