'Gentari to bet on hydrogen, utility-scale power in India'

Gentari, the renewable energy arm of Malaysia-headquartered Petronas, is planning to expand its footprint in India’s utility-scale power sector. In an interview, chief executive officer Sushil Purohit said India will play a major role in Gentari’s future plans and it is in talks with several potential partners as it looks at both organic and inorganic growth.

- Rituraj Baruah

Amplus, another subsidiary of Petronas, will continue to grow in the commercial and industrial space, as Gentari focuses on the utility business, he said. Over concerns of high discom dues, he said the company wishes to work with customers with healthy payments record. The company has signed MoUs with Karnataka and Tamil Nadu for feasibility studies for green hydrogen projects, he said. Edited Excerpts:

What are your plans for the utility space in India? Are you in talks for tie-ups and investments?

Amplus Solar has taken a couple of projects in the utility space. But, we are not yet there in a big way. We plan to go big on that. Amplus will keep focussing in the commercial and industrial space. We will focus on the utility scale business through the Gentari platform. We will grow organically. We are going to look at our own developed projects, but we will also partner with like-minded companies to grow in that segment. Because, when you are looking at growing rapidly, you need to do all of it. You need to develop your own projects, partner with like-minded entities and look at inorganic growth, like our investment in Australia, where we have acquired a company and now looking to scale that up. This is what we also did with Amplus Solar. We look at different opportunities across markets, whether it is government players or private companies. We are discussing with several companies and parties. We are looking at growing rapidly.