GAIL (India) Limited and Energy Efficiency Services Limited (EESL) have signed a Memorandum of Understanding (MoU) for cooperation in development of trigeneration projects in the country.
The MoU aims at building a closer strategic partnership between the two companies by jointly exploring business opportunities in Trigeneration business segment. Under this MoU, GAIL and EESL shall jointly undertake studies and if found viable, 50:50 joint venture will be incorporated.
Santanu Roy, executive director (Business Development and 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.
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 purpose and also in absorption chillers for cooling.
During the signing ceremony, Manoj Jain, CMD of GAIL, stated, “There is a significant market potential for trigeneration projects in India, particularly small industrial and commercial sectors and office buildings. As trigeneration business is at initial stage, the collaboration would enable to take first mover advantage in the 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 and EESL is a win-win situation for both the companies.â€
Saurabh Kumar, MD of EESL, added, “The intervention potential of trigeneration technology in revolutionising India’s energy landscape is significant. EESL is proud to pioneer the effort towards harnessing this potential with GAIL which will set a precedent for forthcoming trigeneration projects. I wish both the parties all the very best for the successful implementation of this initiative.â€
