GAIL, BHEL Sign Pact For Development Of Solar Power Projects

State-owned gas utility GAIL India Ltd has signed an agreement with Bharat Heavy Electricals Ltd (BHEL) for cooperation in the development of solar power projects.

The MoU aims at building a closer strategic partnership between the two Maharatna PSUs for jointly pursuing commercial solar power projects through participation in tariff / Viability Gap Funding (VGF) based competitive bidding process.

Source- The Livemint

Static/Current Takeaways Important For LIC AAO Mains Exam:

  • GAIL is India’s biggest natural gas company.
  • BHEL is one of the few companies in the world, and only company in India, having the capability to manufacture the entire range of power plant equipment.

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