Gail India's Big Push For Green Energy Capacity Expansion, Plans To Invest Rs 26,000 Crore In Renewables By 2030

Gail India is planning to invest Rs 26,000 crore in the renewables portfolio by 2030.

"We will be investing Rs 6,000 crore in the renewable segment in three years, and another Rs 20,000 crore by 2030, which is contingent upon certain technical aspects on the hydrogen front that the company is working out," said Manoj Jain, chairman and managing director, Gail was quoted in a Economic Times report as saying.

The company is undertaking a liquid hydrogen capacity addition right now and the progress done on the prototype will influence its overall investments, Manoj Jain said, adding that a call on the same will be taken after 18 months.

At present, Gail is in the process of procuring a 10 MW facility for liquid hydrogen, which would be the largest in the country, and is on the lookout for an electrolyser.

Jain said the company is looking at 1 GW of renewable capacity over the next three years, but from a long-term perspective, coupled with green hydrogen, it is looking at 3 GW for renewable capacity.

"By 2030, around 50,000 tonnes per annum of hydrogen will be available, of which 35,000 TPA will be subject to how things pan out after 18 months," Jain said.

He added that 10 per cent of Gail's portfolio should be hydrogen plus renewable by 2030.

(With inputs from PTI)