GAIL India has inked an agreement with Bharat Heavy Electricals Ltd (BHEL) for cooperation in the development of solar power projects. BHEL shall act as an engineering, procurement, construction and project management contractor and the company shall be the project developer.
BHEL shall also provide operation and maintenance services during the initial period upon becoming successful bidder. The agreement 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.
GAIL India is India’s principal Natural Gas Company with activities ranging from Gas Transmission and Marketing to Processing (for fractionating LPG, Propane, SBP Solvent and Pentane); transmission of Liquefied Petroleum Gas (LPG); production and marketing of Petrochemicals like HDPE and LLDPE and leasing bandwidth in Telecommunications.
