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.