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Apollo Tyres, GAIL sign pact

Special Correspondent

To develop steam conversion project

NEW DELHI: GAIL (India) Ltd. and Apollo Tyres on Tuesday signed an agreement for a first of its kind steam conversion project based on the ‘waste heat recovery system’ from GAIL’s gas turbines.

The project would not only utilise the clean development mechanism (CDM) for power generation but would also lead to conservation of gas and increased energy efficiency. B. C. Tripathi, Director (Marketing), GAIL, and Mahesh Sharma, Chief (Legal), Apollo Tyres, signed the agreement here in the presence of GAIL Chairman and Managing Director U. D. Choubey, Apollo Tyres Chairman and Managing Director Onkar Singh Kanwar, and the Federation of Indian Chambers of Commerce and Industry Secretary General, Amit Mitra. The project will be implemented by GAIL at its Vaghodia compressor station near Vadodara for supply of steam to Apollo Tyres within 24 months at a cost of Rs. 35 crore. The agreement is for 15 years and commercial supply will start from July 2009. The annual contracted quantity is 4.37 lakh tonnes.

Speaking on the occasion, Mr. Choubey said the project was going to be a new chapter and a good beginning for GAIL for combating hazardous effects of greenhouse gases. Mr. Kanwar termed the agreement as a new step in the direction of contributing to create clean environment and reduce emissions.

The project, based on the waste heat recovery system from GAIL’s gas turbines exhaust, is conceived as a CDM project under the Kyoto Protocol. The project would enable Apollo Tyres to generate 4 MW of power and help the two companies save around 935 million kilo calories of energy in producing process steam, thereby also avoiding formation of 55,000 tonnes of CO2 annually.

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