
GAIL (India) Limited has signed contract agreements with TUSCO Limited to set up a 600 MW solar power project at TUSCO's Solar Park in Jhansi, Uttar Pradesh, as part of its push towards expanding its renewable energy portfolio. The agreements were signed by Parivesh Chugh, Executive Director (SD & Renewables), GAIL, and Anil Tyagi, CEO of TUSCO Ltd, in the presence of senior officials including R K Singhal, Director (Business Development), GAIL, and Neeraj Verma, Executive Director, THDC India Limited.
The project will also include a 550 MWh Battery Energy Storage System (BESS), aimed at enhancing energy reliability and supporting efficient utilisation of solar power. According to the company, the solar power generated from the project will primarily cater to the captive energy requirements of GAIL's petrochemical plant at Pata in Auraiya district of Uttar Pradesh. It will also help meet additional energy demand arising from the electrification of gas-based equipment and compressed biogas (CBG) plants being set up in the state.
Speaking on the occasion, R K Singhal said the project reflects GAIL's commitment towards adopting low-carbon and sustainable energy solutions. "This solar project reflects GAIL's commitment for diversifying into low-carbon and sustainable energy solutions," he said, adding that the initiative also highlights the company's efforts to expand its business footprint in Uttar Pradesh.
The move is part of GAIL's broader strategy to integrate renewable energy into its operations while supporting its growing energy needs through cleaner sources. The inclusion of battery energy storage is expected to improve the stability and efficiency of power supply from the solar project.
The development also aligns with increasing efforts by energy companies to adopt sustainable practices and reduce dependence on conventional sources of energy. The project is expected to contribute to meeting the rising energy requirements of industrial operations while supporting the transition towards greener energy solutions in the region. (ANI)
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.