June 20, 2024


Imagination at work

GAIL to foray into hydrogen generation, scale up its renewable portfolio

India’s top rated gas organization GAIL will foray into hydrogen era and consider the acquisition route to scale up its renewable power portfolio as it pivots small business beyond all-natural gas to align with power changeover staying witnessed across the world.

As portion of a push to embrace cleaner types of power, GAIL will be laying pipeline infrastructure to hook up consumption centres to gas sources when also augmenting its renewable power portfolio, GAIL Chairman and Running Director Manoj Jain mentioned.

“The worldwide power sector is witnessing a paradigm shift in modern decades as the entire world is transitioning to a sustainable power foreseeable future,” he mentioned in the company’s most current once-a-year report.

To attain a cleaner major power mix for India, the government is emphasizing the expansion of the all-natural gas sector so as to realize a gas-based economic climate together with progress in renewables. GAIL as a major built-in power main has aligned with this eyesight, he mentioned.

The agency is laying around six,000-kilometres of pipeline, which includes a west coastline to east coastline pipeline from Mumbai to Jharsuduga in Odisha by means of Nagpur, he mentioned. It currently has around thirteen,700-km of all-natural gas pipeline community.

GAIL “will be selectively investing in the renewable power area provided the foreseeable future progress potential,” he mentioned. The organization “has been scouting for alternatives to scale up the RE portfolio from the present-day a hundred thirty MW by way of bidding and other inorganic routes these as mergers and acquisitions.”

“In addition, the organization is also foraying into ethanol and hydrogen era,” he mentioned without having giving details.

Hydrogen is a clean gas that, when consumed in a gas cell, provides only h2o. A lot of international locations are venturing into hydrogen generation from a variety of domestic means, these as all-natural gas, nuclear electrical power, biomass, and renewable electrical power like photo voltaic and wind.

In India, companies ranging from Reliance Industries to Indian Oil Corporation and NTPC have declared ambitious designs for making hydrogen. GAIL as well joins that listing now.

GAIL, Jain mentioned, has the greatest and most varied LNG portfolio in India that can give both steady costs and responsible provide to individuals.

The organization “shall be pushing for greater gas usage in the industrial section, transportation section applying CNG and LNG, Trigeneration, cold storage, etcetera,” he mentioned, including the agency was seeking for avenues to provide gas in the new segments like LNG trucking (LNG for extensive-haul transportation).

He mentioned GAIL is also seeking to extend its presence in petrochemicals and also diversifying into large-margin downstream corporations.

“The focus is on acquiring polypropylene (PP) generation capacity by way of location up two polypropylene models (Propane Dehydrogenation Polypropylene Plant – PDHPP in Usar, Maharashtra and PP plant at Pata, Uttar Pradesh) and evaluating alternatives in sure speciality chemical compounds in India,” he mentioned.

GAIL presently has a 1.six million tonnes for every annum polyethylene and PP generation capacity. It is also location up at the very least two compressed biogas vegetation and an ethanol factory.

India, which imports eighty five for every cent of its crude oil requires, is stepping up endeavours to examine new types of power to clean up the skies and lessen dependence on imported fuels.

“We have a hundred and twenty MW of renewable power capacity which we want to scale up to 1GW in upcoming 3-four decades,” Jain experienced advised PTI past thirty day period.

GAIL will bid for a four hundred MW photo voltaic electrical power capacity staying auctioned by SECI (formerly Solar Energy Corporation of India) in Rewa, Madhya Pradesh.

The organization experienced in 2019 received a bid for 874 MW operational wind electrical power jobs of IL&FS for Rs four,800 crore. But IL&FS’ other partners used the initial correct of refusal to block GAIL’s bid, he experienced mentioned.

GAIL has signed up with point out-run electrical power equipment maker BHEL for its renewable power foray. The tie-up seems to be to leverage the competitive strengths of both companies. GAIL will be the project developer and BHEL will be a project supervisor and EPC (engineering, procurement and construction) contractor.

The go by GAIL, which commands a 75 for every cent market place share in gas transmission and far more than fifty for every cent share in gas trading in India, is found as portion of the government’s eyesight to put together for the power changeover system, underneath which the share of gas in the power mix is sought to be raised to fifteen for every cent by 2030, from the present-day six.two for every cent.

(Only the headline and photograph of this report may well have been reworked by the Company Typical workers the rest of the content material is auto-created from a syndicated feed.)