New Delhi: Back from the split threshold, Gail Run-run has lined up in the chest of the RS 5,000 Crore War to integrate his fate with the purpose of reduction in government carbon and looks beyond natural gas to remain relevant in a rapid change in the energy market landscape.
The blueprint for this transformation, prepared under the leadership of the Chairman of Manoj Jain, revolves around finding synergies between the pipeline system and gas utility transportation and various new era energy solutions.
The company has placed RS 1,000 crore bets in each respective settings to produce ethanol and compressed biogas (CBG) from municipal waste.
The robbery to ethanol is arranged with the government that advances the target of a 20% gasoline mixture in 2025.
The CBG plant will increase the volume for pipelines due to developing city gas services throughout the country.
The company will invest in another 4,000 crore Rs to expand its renewable energy capacity from 120mW to 1GW in the next three-four years.
For starters, the company will bid a 400MW solar power project auctioned by SECI in Rewa in Madhya Pradesh.
The company has an open bond with Power Gear Maker Bhel for renewable energy.
“Building Pipeline Networks to increase access to gas and transportation will remain our core business.
We seek synergy with new businesses, which arise as a result of energy transitions, to create a new revenue stream for us,” Jain told Toi.
The government recently dropped a proposal to divide Gail into two separate pipe and gas marketing companies.
The first CBG plant will be built in Ranchi at a 200-300 crore RS fee.
This will produce five tons of gas per day and around 25 tons of dirt use city waste.
“Gas will be included in the city gas network that supplies CNG to the car and PNG to household.
This will help reduce pollution,” Jain said, adding a company looking for a partner.
Jain said these projects would not affect the planned expansion of RS 45,000 Crore Gail pipelines to serve the government’s purpose to increase gas share in Indian energy baskets up to 15%.
“Expansion will run according to plan …
we must connect consumers to emerging gas sources (such as CBG) and provide access to net fuel throughout the country,” Jain said.
Gail to pump RS 5,000CR becomes a new age biz energy
