Saturday, Aug 08, 2020 | Last Update : 06:27 AM IST

136th Day Of Lockdown

Maharashtra49026232728117092 Tamil Nadu2850242275754690 Andhra Pradesh2069601204641842 Karnataka164924842322998 Delhi1427231282324082 Uttar Pradesh113378668341981 West Bengal89666630601954 Telangana7525753239601 Bihar7179446294400 Gujarat68855517922604 Assam5549737225132 Rajasthan4941835186763 Odisha4255028698292 Haryana4005433444467 Madhya Pradesh3729827621962 Kerala3170019147103 Jammu and Kashmir2392716218449 Punjab1901512491462 Jharkhand140705199129 Chhatisgarh10109761369 Uttarakhand8008484795 Goa7075511460 Tripura5520367528 Puducherry4147253758 Manipur301818147 Himachal Pradesh2879171013 Nagaland24056594 Arunachal Pradesh179011053 Chandigarh120671520 Meghalaya9173305 Sikkim7832971 Mizoram5022820
  Business   Companies  30 Mar 2019  GAIL, BHEL sign pact for development of solar power projects

GAIL, BHEL sign pact for development of solar power projects

PTI
Published : Mar 30, 2019, 10:17 am IST
Updated : Mar 30, 2019, 10:17 am IST

GAIL commands 75 per cent market share in gas transmission and has a gas trading share of over 50 per cent in India.

GAIL shall be the project developer and BHEL shall act as an engineering, procurement, construction and project management contractor.
 GAIL shall be the project developer and BHEL shall act as an engineering, procurement, construction and project management contractor.

New Delhi: State-owned gas utility GAIL India Ltd on Friday said it has signed an agreement with Bharat Heavy Electricals Ltd (BHEL) for cooperation in the development of solar power projects.

"GAIL shall be the project developer and BHEL shall act as an engineering, procurement, construction and project management contractor," the company said in a statement.

 

BHEL shall also provide operation and maintenance services during the initial period upon becoming successful bidder.

"This development will help both the companies to leverage their competitive strengths to build a substantial portfolio in solar power projects.

"The memorandum of understanding (signed Friday) aims at building a closer strategic partnership between the two Maharatna PSUs for jointly pursuing commercial solar power projects through participation in tariff / Viability Gap Funding (VGF) based competitive bidding process," it said.

GAIL is India's biggest natural gas company with diversified interests across the value chain of trading, transmission, LPG production and transmission, LNG re-gasification, petrochemicals and city gas.

 

It owns and operates a network of around 11,400 kms of high-pressure trunk pipelines. It is working concurrently on multiple pipeline projects, aggregating over 5400 kms at an investment of about Rs 24,000 crore, to operate over 16,000 kms by 2021.

GAIL commands 75 per cent market share in gas transmission and has a gas trading share of over 50 per cent in India.

"GAIL is also expanding its presence in renewable energy like solar and wind. It has India's second-largest rooftop solar PV power plant at its petrochemical complex at Pata, Uttar Pradesh," the statement said.

Tags: gail, bhel, solar power projects, agreement
Location: India, Delhi, New Delhi