Leading Manufacturing Companies – GAIL (India)

GAIL has re-negotiated a 20-year long-term LNG Sale and Purchase Agreement (SPA) with Russia’s Gazprom Marketing and Trading Singapore. The deal was signed in 2012 to procure 2.5 million tonnes annually, and the supplies are expected to start in the second quarter of 2018.
On the agreement, Tripathi says, “This deal is a step for GAIL to diversify LNG portfolio by spreading price reference indices across multiple geographies so as to provide consumers greater flexibility in service.”
In another achievement, GAIL recently commissioned India’s second largest rooftop solar photovoltaic (PV) power plant at its Petrochemical Complex at Pata in Uttar Pradesh. The 5.76 mega watt peak (MWp) solar plant is spread over the roofs of warehouses, and covers a total roof area of 65,000m2. Given the expected plant load factor of around 15% annually, over 79 lakh KWh of electricity is targeted to be generated for captive use of India’s largest gas-based petrochemicals plant. This captive solar photovoltaic initiative by GAIL shall help India achieve climate goals under COP21. GAIL’s solar rooftop project is also a step forward under Make in India, with Indian vendors entrusted for manufacture, supply and execution.