GAIL Seeks Partners to Set Up Electrolyzer Manufacturing Unit to Produce Green Hydrogen

The Gas Authority of India Limited (GAIL) has issued an expression of interest (EoI) to select partners for setting up an electrolyzer manufacturing facility to produce green hydrogen.GAIL intends to set up an electrolyzer manufacturing project 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% equity in the said entity.The last date to submit the bids is December 17, 2021.The EoI is valid for six months from the date of submission. Companies or consortiums from India or countries that share a land border with India can participate in the bidding.Apart from investing in the proposed electrolyzer manufacturing project, the proposed entity will secure land and project financing and select technology partners, engineering consultants,…

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