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 luck with the purpose of reduction in government carbon and looked beyond natural gas to remain relevant in the energy market that changes rapidly.
The blueprint for this transformation, prepared under the leadership of the Chairman of Manoj Jain, revolves around finding a synergy between the gas utility gas pipeline and the transportation business and various new 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 the amount of 4,000 crore to expand its renewable energy capacity of 120 MW into one gigawatt in the next 3-4 years.
For starters, the company will bid on a 400 MW solar power project which was 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 the gas share in the Indian energy basket 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.