GP Global Energy Private Limited (GPGEPL), part of UAE-based global conglomerate GP Global, has announced that it has entered into an exclusive partnership with Cepsa, an integrated Spanish oil major, to make and market Cepsa’s marine and power generation lubricants in India. As per the agreement, GP Global will manufacture, blend, package and even import Cepsa-branded lubricant products in India.
This partnership will also strengthen the in-house R&D facilities at GP Global and develop technologically-advanced products in India. The product range includes cylinder oils, system oils, trunk piston engine oils, hydraulic oils, gear oils, greases and other specialty lubricants required by this industry. Cepsa marine range of products include Cepsa Larus, Gavia, Ciconia and Petrel lubricants, among others.
GP Global Energy will be manufacturing the marine lubricants through a contract with its group company GP Petroleums Ltd at their plant in Vasai, Mumbai, which is already engaged in blending automotive and industrial lubricants over the last four decades.
Tata Power, India’s largest integrated power company, announced that its 100% subsidiary Tata Power Renewable Energy Ltd (TPREL) commissioned 100 MW (50 MW x 2) solar capacity in Anthapuramu Solar Park, Andhra Pradesh. With this, the overall operating renewable capacity of TPREL now stands at 2,215 MW in India.
The sale of power from this solar plant has been tied up under a 25-year Power Purchase Agreement with the Solar Energy Corporation of India (SECI). This is part of the implementation of the MNRE scheme for developing grid connected solar power capacity of the Jawaharlal Nehru National Solar Mission (JNNSM) Phase-II, Batch-III of the Government of India through Viability Gap Funding (VGF) mode.