The Gas Authority of India Limited (GAIL) has issued an expression of interest (EoI) seeking partners to set up an electrolyzer manufacturing facility to produce green hydrogen.
GAIL intends to set up the unit by incorporating a special purpose vehicle (SPV) or stock acquisition in an electrolyzer manufacturing company under operation or construction. In the case of an equity partnership, GAIL will hold 26 per cent equity in the said entity. The proposed entity will also have the responsibility to secure land and project financing as well as select technology partners, engineering consultants, environmental consultants, and engineering, procurement and construction (EPC) contractors. The entity will also monitor and review project development activities and ensure project execution timelines are met. The EoI is valid for six months from the date of submission and companies or consortiums from India or countries that share a land border with India can participate in the bidding. The last date to submit the bids is December 17, 2021.