GAIL To Invest In Solar And EV Market

Gas Authority of India Limited (GAIL) has sort the approval of its shareholders to amend the charter of the company so that it can start investing in solar power projects, various start-ups, and EV charging infrastructure across the country.

GAIL wants to harness the solar power potential available at its various sites and installations which can be connected to the grid for sale or for its own use at other installations through wheeling of power.

In January 2018, GAIL commissioned a 5.76 MW grid-connected rooftop solar project developed under the Domestic Content Requirement (DCR) category. The project was developed on the roof area of GAIL Petrochemical Complex in Pata, Uttar Pradesh. This is the second largest rooftop solar project at a single location in India.

The company has also expressed interest in setting up battery charging stations to provide charging services to electric vehicles.

 

 

Reference- Mercom, Free Press Journal,