GAIL (India) has signed a non-binding memorandum of understanding (MoU) with Rajasthan Rajya Vidyut Utpadan Nigam (RRVUNL) to explore setting up 1 GW solar and wind projects as well as jointly operating gas-based power plants in the state.
With an intent of optimising the operations of gas-based power plants in Rajasthan, RRVUNL and GAIL shall explore the possibility of transferring RRVUNL’s gas-based power plant located in Dholpur and Ramgarh, Rajasthan to a proposed joint venture company between GAIL and RRVUNL. The two will work together towards setting up of around 1,000 MW of solar and wind projects in suitable land parcels. Detailed due diligence/feasibility studies for each project shall be carried out for establishing techno-commercial viability of the projects before forming joint venture company.
GAIL (India) is India’s leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production & transmission, LNG regasification, petrochemicals, city gas, E&P, etc.
| Company Name | CMP |
|---|---|
| GAIL India | 162.50 |
| Gujarat Gas | 383.70 |
| Indraprastha Gas | 161.15 |
| Mahanagar Gas | 1110.80 |
| Adani Total Gas | 620.95 |
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