GAIL Increases Clean Energy Startup Fund to Rs 5 Bn
POWER & RENEWABLE ENERGY

GAIL Increases Clean Energy Startup Fund to Rs 5 Bn

GAIL (India) has increased its startup investment fund from Rs 1 billion to Rs 5 billion. The expanded fund will be directed towards supporting startups focused on clean energy, renewables, energy storage, electric mobility, and digital transformation.

Launched in July 2017, GAIL’s initiative ‘Pankh’ aims to support and nurture startups. Since its inception, the program has invested in 36 startups spanning various sectors, including compressed biogas (CBG), electric mobility, and environmental solutions.

The company’s renewable energy portfolio currently stands at 132 MW, consisting of 118 MW of wind energy and 14 MW of solar energy. GAIL is also exploring opportunities in CBG production from organic waste and is venturing into sectors like ethanol and hydrogen. Additionally, the company is establishing 20 MW solar projects to meet the energy needs of its electrolyzer project in Vijaipur, Madhya Pradesh.

In October 2024, GAIL invited bids for the design, procurement, construction, and operation of a 7.75 MW grid-connected floating solar project at Vijaipur. Furthermore, a rooftop solar system installed at GAIL’s Pata plant in Uttar Pradesh reduced GHG emissions by 199 tCO2e in FY 2023-24.

The company’s electricity consumption from renewable sources grew from 92,182 gigajoules in 2022-23 to 1,16,872 gigajoules in 2023-24. GAIL aims for a 100 per cent reduction in Scope 1 and Scope 2 emissions by 2035 and a 35 per cent reduction in Scope 3 emissions by 2040.

In January, GAIL and TruAlt Bioenergy invested $72 million in a joint venture to establish CBG projects, with GAIL joining TruAlt’s company, Leafiniti Bioenergy, to operate one of India’s largest CBG plants.

News source: Mercom India

GAIL (India) has increased its startup investment fund from Rs 1 billion to Rs 5 billion. The expanded fund will be directed towards supporting startups focused on clean energy, renewables, energy storage, electric mobility, and digital transformation. Launched in July 2017, GAIL’s initiative ‘Pankh’ aims to support and nurture startups. Since its inception, the program has invested in 36 startups spanning various sectors, including compressed biogas (CBG), electric mobility, and environmental solutions. The company’s renewable energy portfolio currently stands at 132 MW, consisting of 118 MW of wind energy and 14 MW of solar energy. GAIL is also exploring opportunities in CBG production from organic waste and is venturing into sectors like ethanol and hydrogen. Additionally, the company is establishing 20 MW solar projects to meet the energy needs of its electrolyzer project in Vijaipur, Madhya Pradesh. In October 2024, GAIL invited bids for the design, procurement, construction, and operation of a 7.75 MW grid-connected floating solar project at Vijaipur. Furthermore, a rooftop solar system installed at GAIL’s Pata plant in Uttar Pradesh reduced GHG emissions by 199 tCO2e in FY 2023-24. The company’s electricity consumption from renewable sources grew from 92,182 gigajoules in 2022-23 to 1,16,872 gigajoules in 2023-24. GAIL aims for a 100 per cent reduction in Scope 1 and Scope 2 emissions by 2035 and a 35 per cent reduction in Scope 3 emissions by 2040. In January, GAIL and TruAlt Bioenergy invested $72 million in a joint venture to establish CBG projects, with GAIL joining TruAlt’s company, Leafiniti Bioenergy, to operate one of India’s largest CBG plants. News source: Mercom India

Next Story
Infrastructure Transport

NHAI to Upgrade Tamil Nadu Highways

To reduce congestion on key national highways in Tamil Nadu, the National Highways Authority of India (NHAI) has planned capacity upgrades for at least eight highway stretches. The improvements will include bypasses, flyovers, and four-laning in Salem, Coimbatore, Tiruppur, Nilgiris, and Cuddalore. NHAI has invited tenders to appoint consultants for preparing detailed project reports (DPRs) on these expansions. The affected highways include NH-181, NH-81, NH-532, NH-85, and NH-136. Proposed Upgrades Across Highways - NH-181 (Coimbatore-Gundlupet Route): This stretch will see four bypasses an..

Next Story
Infrastructure Transport

Ludhiana-Bathinda Highway Revived as NHAI Invites Bids

The Ludhiana-Bathinda highway project, initially stalled due to land acquisition issues, has been revived as the National Highways Authority of India (NHAI) invites fresh bids to resume construction. The project, part of the Ludhiana-Ajmer Economic Corridor, is estimated to cost Rs 24.61 billion and will be executed in two phases. Package 1, covering 30.03 km, has a budget of Rs 9.06 billion, while Package 2, spanning 45.25 km, is set to cost Rs 15.55 billion. The NHAI had previously withdrawn the project due to unavailability of land. However, intervention from Union Minister for Road Trans..

Next Story
Infrastructure Urban

Dilip Buildcon Wins Rs 460M Arbitration

Infrastructure major Dilip Buildcon has secured an arbitration award of Rs 460 million against the National Highways Authority of India (NHAI) over delays and breaches during the execution of a highway project in Karnataka. The dispute pertains to the Rehabilitation and Upgradation of the Kerala Border to Kollegala Section of NH 212, awarded to Dilip Buildcon under an Engineering, Procurement, and Construction (EPC) agreement dated June 6, 2014. The project involved two-lane expansion with paved shoulders and four-lane development under the National Highways Development Project (NHDP) Phase IV..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?