GAIL India Seeks Environmental Appraisal for Two Gas-Fired Power Plants
GAIL India Ltd., the nation’s biggest natural-gas distributor, is seeking to assess the environmental impact of developing two 350 megawatt gas-based power projects in northern and central India.
The state-run company is eliciting bids from companies to analyze the effect of the plants, planned at existing facilities at Vijaipur in central India and Dibiyapur in the north of the country, according to a tender document on GAIL’s website. The chosen consultant would also help New Delhi-based GAIL get environmental clearance from regulators.
GAIL is planning to invest in gas-fired power plants and wind and solar projects, Chairman B.C. Tripathi told shareholders Sept. 22, as it looks to meet rising demand in India, Asia’s second biggest energy consumer.
The company plans to raise about $420 million borrowing from the U.S. Export-Import Bank and selling local-currency debt to fund projects, Finance Director R.K. Goel said Nov. 18.
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