Financial Daily from THE HINDU group of publications
Wednesday, Apr 13, 2005
Financial Daily from THE HINDU group of publications Wednesday, Apr 13, 2005 |
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Corporate
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Research & Development Reva to develop fuel cell cars for IOC pilot project Our Bureau
Bangalore , April 12 REVA Electric Car Company Pvt Ltd (RECC) has signed an agreement with Canadian-based Hydrogenics Corporation to develop fuel cell hydrogen cars for a future pilot project by Indian Oil Corporation (IOC). RECC will use its electric vehicle technology to develop fuel cell hydrogen cars with fuel cell stacks to be supplied by Hydrogenics Corporation. In the first phase, two fuel cell hydrogen-powered cars will be developed, after which a fleet of 10-20 cars will be rolled out at other heritage destinations. "The cars are part of a pilot project that will be launched by Indian Oil Corp to promote eco-tourism in India," a press statement quoted the RECC chairman, Mr Sudarshan Maini, as saying. "The cars will be used for the hydrogen clean technology project in New Delhi and at the Taj Mahal, in Agra." The statement said RECC has been working on future technologies since the company launched its operations in 2001. Fuel cell systems offer a promising engine technology for the future, with advantages that include zero emissions, high efficiency and minimal noise. The hydrogen needed to fuel these vehicles can be produced by means that lower India's reliance on foreign oil supplies and increase energy security, the statement said.
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