New Delhi: The state-run GAIL (India) Limited and Energy Efficiency Services Limited (EESL) have signed a memorandum of understanding (MoU) on Wednesday in New Delhi for cooperation in the development of trigeneration projects in India. This MoU aims at building a closer strategic partnership between the two companies by jointly exploring business opportunities in the Trigeneration business segment in India.
There is a significant market potential for trigeneration projects in India, particularly small industrial and commercial sectors and office buildings: CMD, GAIL, Manoj Jain
Under this MOU, GAIL and EESL shall jointly undertake studies and if found viable, 50:50 joint venture between both companies will be incorporated for undertaking trigeneration projects. This MoU has been signed by GAIL’s Executive Director (Business Development & Project Development) Santanu Roy and EESL’s Executive Director (Strategic Growth) Amit Kumar Kaushik in the presence of GAIL’s Chairman & Managing Director (CMD Manoj Jain and EESL’s Managing Director (MD) Saurabh Kumar through video conference.
During the signing ceremony, Jain 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 the initial stage, the collaboration would enable to take first-mover advantage in the trigeneration business similar to GAlL’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 & EESL is a win-win situation for both the companies”.
While Saurabh Kumar added, “The intervention potential of trigeneration technology is 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 upcoming trigeneration projects. I wish both the parties all the very best for. the successful implementation of this initiative."
What is Trigeneration?
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 purposes and also in absorption chillers for cooling.
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