GAIL (India) and Energy Efficiency Services (EESL) have signed a memorandum of understanding (MoU) in New Delhi for cooperation in development of trigeneration projects in India.
The MoU aims at building a closer strategic partnership between the two companies by jointly exploring business opportunities in trigeneration business segment in India.
Under the MoU, GAIL and EESL will jointly undertake studies and if found viable, 50:50 joint venture between them will be incorporated for undertaking trigeneration projects.
Trigeneration or combined cooling, heat and power (CCHP) typically involves natural gas-fired generators to produce electricity. The waste heat from flue gas is recovered to produce hot water/ steam which in turn isused for heating purposes and also in absorption chillers for cooling.
As trigeneration business is at initial stage, the collaboration will enable to take first-mover advantage in the trigeneration business similar to GAIL’s city gas business. Further, it would also push gas usage in new applications which is in line with GAIL’s strategy 2030.