Mahanagar Gas and Fourth Partner Energy Partner to Explore Renewable Energy Solutions for Industrial and Commercial Consumers

Mahanagar Gas (MGL), an Indian City Gas Distribution (CGD) company and Fourth Partner Energy (FPEL), a renewable energy developer has signed a Memorandum of Understanding (MoU) to jointly explore opportunities for generation and supply of Renewable Energy solutions primarily to commercial and industrial customers within MGL’s geographical areas. The MoU was signed by Manas Das, VP- BD, STU, Commercial and BIS, MGL and Jay KumarWaghela, CEO- Distributed Business, FPEL in the presence of Praveer Kumar Srivastava, Managing Director, MGL;  Ajay Sinha, Deputy Managing Director, MGL and Saif Dhorajiwala Co-Founder and ED of FPEL.

The collaboration aims to evaluate and develop clean and sustainable energy solutions for businesses, in line with the growing demand for environmentally responsible energy alternatives and India’s transition towards a greener economy.

Under the MoU, both companies will jointly assess opportunities in renewable energy generation and supply, leveraging their respective expertise and capabilities to cater to the evolving energy requirements of commercial and industrial consumers.

Speaking on the occasion, Praveer Kumar Srivastava, Managing Director, Mahanagar Gas, said, “This collaboration with FPEL reflects MGL’s continued focus on expanding its clean energy portfolio and contributing towards sustainable development through innovative and environmentally friendly energy solutions. MGL is already a provider of cleaner fuel to industries and commercial establishments, and this collaboration will enable MGL to explore and offer clean energy solutions to its customers. We believe this initiative will further strengthen our commitment towards sustainable energy and support our customers in reducing their carbon footprint.”

Saif Dhorajiwala, Co-Founder and ED at Fourth Partner Energy, added, “The global energy landscape is evolving fast with decarbonisation at its core. Indian corporates are racing to adopt an integrated energy portfolio spanning renewable power, battery storage, procurement flexibility and advance management capabilities instead of relying on the traditional grid alone to meet their requirements. This partnership with MGL will help us jointly deliver reliable, cost-effective, low carbon solutions to businesses and we are excited to take a first step towards it via this MoU today”.