GAIL shall be the project developer and BHEL shall act as engineering, procurement, construction and project management contractor.
GAIL (India) Limited and Bharat Heavy Electricals Limited (BHEL) has inked a Memorandum of Understanding (MoU) in New Delhi for cooperation in the development of solar-based power projects.
GAIL shall be the project developer and BHEL shall act as engineering, procurement, construction and project management contractor. BHEL shall also provide operation and maintenance services during the initial period upon becoming successful bidder.
This development will help both the companies to leverage their competitive strengths to build a substantial portfolio in solar power projects in line with INDC targets of Government of India.
A well-knitted partnership
The MOU aims at building a closer strategic partnership between the two Maharatna PSUs for jointly pursuing commercial solar power projects through participation in Tariff / Viability Gap Funding (VGF) based competitive bidding process.
Speaking on the occasion, Shri Manoj Jain, director – business development stated “GAIL is a proud member of India’s clean energy infrastructure and is always committed to incorporate initiatives for sustainable development of the nation. We are happy to enter into this strategic relationship with BHEL, a pioneer in India’s Engineering sector. The skills and strengths of both the companies would create a synergy for achieving the objective of MoU.”
