Gold
GAIL, IPICOL sign MoU for developing clean energy projects in Odisha
11 Jan 2022 CW Team
GAIL (India) Limited and the Industrial Promotion and Investment Corporation of Odisha (IPICOL) signed a Memorandum of Understanding (MoU) on Wednesday for cooperation in the areas of green hydrogen, green ammonia, and renewable energy for the production of eco-friendly fuels in Odisha.
According to an official statement, the scope of the MoU includes, among other things, preparing a feasibility study for the proposed plants, as well as promoting the production of environmentally friendly fuels in Odisha. Green hydrogen would assist industries in reducing aggregate greenhouse gas (GHG) emissions, thereby contributing to the overall goals of the central government's INDC targets. Odisha, as a power surplus state, is looking to strengthen its position in the power sector, and these new plants will help Odisha-based heavy industries meet their growing power needs. Hemant Sharma, the Principal Secretary to the Odisha government's Industries Department, praised GAIL's active interest in establishing a Green Hydrogen plant. Sharma told the media that Odisha has a large pre-existing market for hydrogen and that by working together to produce green hydrogen in bulk, the cost of green hydrogen for industrial use will be reduced. GAIL is laying natural gas pipelines in Odisha, establishing a CGD project, and establishing a coal gasification plant in a joint venture, according to MV Iyer, Director. GAIL (India) Limited is India's leading natural gas company, with diversified interests in trading, transmission, LPG production and transmission, LNG regasification, petrochemicals, city gas, E and P, and other areas of the natural gas value chain. It owns and operates a natural gas pipeline network spanning the length and breadth of the country, totalling 13,340 km. It is also executing multiple pipeline projects at the same time to increase the spread. GAIL has a 70% market share in gas transmission and a 50% market share in gas trading in India. Image Source
