IPICOL and GAIL (India) Limited on Wednesday signed a Memorandum of Understanding (MoU) for cooperation in the areas of Green Hydrogen, Green Ammonia and Renewable Energy (Solar / Wind) for the production of eco-friendly fuels in Odisha. Scope of the MoU inter-alia incorporates preparing a feasibility study for setting up proposed plants. MoU also emphasizes promoting the production of eco-friendly fuels in Odisha.
Green Hydrogen would help the industries cut aggregate emissions of Green House Gases (GHGs) thus contributing to the overall objectives of the Government of India’s INDC targets. Odisha, being a power surplus state, is looking to further strengthen its position in power and these upcoming plants will help Odisha based heavy industries to supplement their growing power requirements.
Attending the MoU signing ceremony at Bhubaneswar, Shri Asit Tripathy, Principal Secretary to Hon’ble CM of Odisha said that, “The entire world is trying to reduce the carbon emission, but it needs a lot of intent, support and energy to execute the massive change. And we are very eager to help the company in terms of suitable land and solid support.”
Principal Secretary to Government of Odisha, Industries department Shri Hemant Sharma praised the active interest of GAIL to set up Green Hydrogen plant. He added that currently, Odisha has a very large pre-existing market for hydrogen and with this joint effort to produce green hydrogen in bulk, the cost of green hydrogen will get reduced for industrial consumption.
Speaking on the occasion, Shri M V Iyer, Director (Business Development) stated “We are focused on the development of natural gas infrastructure and clean energy projects in Odisha and the rest of the country. In Odisha, GAIL is laying natural gas pipeline, setting up a CGD project and also setting up a coal gasification plant in JV mode .”
The event was attended and appreciated by the leading steel, aluminium and chemical manufacturers along with the leading industry bodies such as FICCI, ICC, CII and UCCI.
About Odisha:
Located on the east coast of India, Odisha has a coastline of 480 km along the Bay of Bengal. The modern State of Odisha was formed on 1 April 1936 but its history dates to the era of Kalinga mentioned in the Mahabharata. Traditionally, the State has been known for its mineral and mining strength. Since the turn of the millennium, the focus of the State has shifted to manufacturing and services industrial growth. The State Government has also taken several unique initiatives to ensure that a hassle-free and conducive business environment is provided to the investors.
About IPICOL:
Industrial Promotion and Investment Corporation of Odisha (IPICOL) is the single point of contact for all industrial investments in the State. IPICOL is responsible for devising the investment promotion, facilitation and aftercare strategy for the state of Odisha. IPICOL, as the investment promotion agency of the State of Odisha, undertakes all activities to promote Odisha as the investment destination of choice.
About GAIL:
GAIL (India) Limited is India’s leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production & transmission, LNG re-gasification, petrochemicals, city gas, renewables, E&P, etc. GAIL owns and operates a network of around 13,700 km of the gas pipeline network. GAIL commands ~70% market share in gas transmission and has a Gas trading share of around 53% in India. GAIL is also expanding its presence in clean energy projects such as Renewable Energy and Hydrogen projects.
