India’s state owned Gas Authority of India Limited has announced that it’ll invest about ₹6000 crore in next three years in the renewable energy sector.
The company aims to establish power output of 3GW from renewable sources, with a target of 1GW by the next year. The company expects the investment to go up to about ₹20,000 crores. The company is also establishing a 10GW green hydrogen plant that will be the biggest in the country. GAIL intends to borrow ₹20,000cr for its investments and will also rely on the monetization of its existing infrastructure.
"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, adding that 10% of Gail's portfolio should be hydrogen plus renewable by 2030.
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Technology is a useful servant, but a dangerous master, it was rightly said. Electronic devices have grown into an inevitable part of our daily lives.
