GAIL, BHEL sign MoU for development of Solar based power project


Thesynergyonline Corporate Bureau


GAIL (India) and Bharat Heavy Electricals Limited
(BHEL) inked a memorandum of understanding (MoU)
today in New Delhi for cooperation in development of
solar based power projects.


Mr Santanu Roy, Executive Director (Business Development), GAIL and
Mr S. Seetharaman, General Manager (Renewable Energy & Water Business),
BHEL signed the MoU in presence of Mr Manoj Jain, Director
(Business Development) GAIL and Mr S. Balakrishnan Director (IS&P) BHEL.


Mr Santanu Roy, Executive Director (Business Development), GAIL and Mr S. Seetharaman,
General Manager (Renewable Energy & Water Business), BHEL exchanging documents post signing
the MoU for cooperation in development of solar based power projects in presence of
Mr Manoj Jain, Director (Business Development), GAIL and Mr S. Balakrishnan, Director
(IS&P) BHEL.

GAIL shall be the project developer and BHEL shall act as an Engineering,
Procurement, Construction and Project Management Contractor. BHEL shall also
provide Operation & Maintenance services during the initial period upon
becoming successful bidder. This development will help both the companies
to leverage their competitive strengths to build substantial portfolio in
solar power projects in line with INDC targets of Government of India.

GAIL is a proud member of India's clean energy infrastructure and is always committed to incorporate initiatives for sustainable development of the nation. We are happy to enter into this strategic relationship with BHEL, a pioneer in India's Engineering sector. The skills and strengths of both the companies would create a synergy for achieving the objective of MoU.

Manoj Jain, Director (Business Development)

The MoU 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.