EIL advances green energy plans, including offshore wind and biofuels

  • The public sector undertaking has started negotiating with green power developers to design and develop offshore wind infrastructure in India

Rituraj Baruah
Published11 Sep 2024, 09:29 PM IST
EIL has played a key role in developing offshore oil and gas projects, including Mumbai High and other fields on India’s west and east coasts.
EIL has played a key role in developing offshore oil and gas projects, including Mumbai High and other fields on India’s west and east coasts.

New Delhi: Engineers India Ltd (EIL), a public sector undertaking, is exploring renewable energy opportunities, and has started negotiating with green power developers to design and develop offshore wind infrastructure in India.

On Wednesday, EIL chairperson and managing director Vartika Shukla said the company has revived its offshore division and expects to undertake several projects within the next year.

“We have been reaching out to our clients...for putting offshore wind. We have revived our offshore division. Some years ago, we were very active in offshore...we are fully capable in designing the structural pattern, the deck, platforms and jackets. That capability is what we are offering to our clients.” 

EIL has played a key role in developing offshore oil and gas projects, including Mumbai High and other fields on India’s west and east coasts. According to its website, its offshore pipeline capabilities include conceptual studies, feasibility reports, basic and detailed engineering, surveys, environmental engineering, procurement services, construction supervision and commissioning, besides overall project management.

Also read | India's renewable energy boom stunted by regulatory ambiguity over sales accords

Offshore wind projects are installed in large water bodies, such as seas and oceans. Key components, including seabed installation and grid connectivity, make these projects highly cost-intensive. 

The Union ministry of new and renewable energy plans to promote these projects to achieve its ambitious target of 500 GW non-fossil capacity by 2030.

In June, the Union Cabinet had approved a viability gap funding (VGF) scheme for offshore wind energy projects with a total outlay of 7,453 crore. This includes 6,853 crore for the installation and commissioning of 1GW of offshore wind projects—500MW each off the coasts of Gujarat and Tamil Nadu—and 600 crore for upgrading two ports to meet the logistics requirements for these projects.

Renewable growth

Offshore wind is a renewable energy source that offers several advantages over onshore wind and solar projects, including higher reliability, reduced storage requirements, and greater employment potential.

Shukla also highlighted EIL’s role in one of India’s largest biorefinery projects with Assam Biorefinery Pvt. Ltd, which is nearing completion, and its leadership in a pre-feasibility report for a bamboo-based ethanol project for Numaligarh Refinery Ltd in Meghalaya.

Also read | RIL aims to be green energy leader, boost retail and Jio investments

"EIL is spearheading the initiatives to set up Bio-ATF plants in collaboration with CSIR-IIP and has already developed a basic engineering and design package for MRPL. The company has undertaken preliminary studies on the development of 3G biofuel production technology and has been able to identify microalgae species for biofuel production studies," she added.

Besides, the company has delivered engineering, procurement and construction management (EPCM) services to GAIL for the balance of plant (BoP), and related facilities, for a 10MW green hydrogen production facility in Uttar Pradesh's Vijaipur.

The company has also reported significant expansion of its global footprint and project portfolio over the past financial year. "The commissioning of the Dangote oil refinery project in Nigeria, a $20 billion venture, reflecting the company’s pivotal role in advancing the ‘local to global’ vision," the company said in a statement.

The company is also offering project management consultancy (PMC) for a 1.5 MMTPA refinery in Mongolia, funded by an Indian government line of credit, besides modernising Bahrain’s refining sector with a desalination plant design. It is also expanding its presence in Guyana through consultancy for the Integrated NGL Plant and a 300 MW CCGT power plant.

And read | AM Green plans $1 billion foray into biofuels

Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:11 Sep 2024, 09:29 PM IST
Business NewsIndustryEnergyEIL advances green energy plans, including offshore wind and biofuels

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Axis Bank share price

    1,181.30
    03:29 PM | 4 OCT 2024
    5.85 (0.5%)

    Tata Steel share price

    166.75
    03:56 PM | 4 OCT 2024
    -0.2 (-0.12%)

    Oil & Natural Gas Corporation share price

    295.20
    03:58 PM | 4 OCT 2024
    3.1 (1.06%)

    Tata Motors share price

    930.70
    03:56 PM | 4 OCT 2024
    4.7 (0.51%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Mahindra & Mahindra Financial share price

    301.65
    03:29 PM | 4 OCT 2024
    -20.5 (-6.36%)

    Kfin Technologies share price

    1,015.00
    03:29 PM | 4 OCT 2024
    -63.85 (-5.92%)

    Godrej Properties share price

    2,897.70
    03:57 PM | 4 OCT 2024
    -170.55 (-5.56%)

    Adani Energy Solutions share price

    963.45
    03:58 PM | 4 OCT 2024
    -52.75 (-5.19%)
    More from Top Losers

    VIP Industries share price

    563.85
    03:57 PM | 4 OCT 2024
    40.8 (7.8%)

    Oil India share price

    572.25
    03:59 PM | 4 OCT 2024
    33.4 (6.2%)

    JK Paper share price

    489.95
    03:43 PM | 4 OCT 2024
    27.1 (5.86%)

    Home First Finance Company India share price

    1,245.35
    03:40 PM | 4 OCT 2024
    63.15 (5.34%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      77,685.00-10.00
      Chennai
      77,691.00-10.00
      Delhi
      77,843.00-10.00
      Kolkata
      77,695.00-10.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.86/L0.00
      Chennai
      100.75/L-0.10
      Kolkata
      104.95/L0.00
      New Delhi
      94.72/L0.00

      Popular in Industry

        HomeMarketsloanPremiumMint Shorts