GAIL (India) has signed a memorandum of understanding (MoU) with the Karnataka government to explore the setting up of renewable energy projects of up to 1 gigawatt (GW) in the state.
Under the MoU, the Government of Karnataka would facilitate GAIL to obtain necessary permissions/registrations/approvals/clearance/ incentives, etc., from the concerned departments of the state, as per the prevailing policies/rules and regulations of the state government. GAIL intends to set up renewable energy projects of up to 1 GW within a period of five years. The company is targeting net-zero carbon emissions for its operations by 2035, and renewable energy projects are part of the plan for achieving that goal.
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.
