The Aditya Birla Group's metals division's main company, Hindalco Industries, and Ayana Renewable Power have reportedly inked a power purchase agreement. According to the agreement, Hindalco Industries' smelting operations in Odisha would receive 100 MW of round-the-clock (RTC) renewable electricity from Ayana Renewable Power.
We have a firm commitment to guiding India's energy transition. In a statement, Ayana Renewable Power managing director and CEO Shivanand Nimbargi stated, "Our latest project marks a crucial milestone as we offer 100 MW of uninterrupted, carbon-free power round-the-clock - a pioneering feat in the industrial industry.
The National Investment and Infrastructure Fund (NIIF), British International Investment (BII), and Green Growth Equity Fund support Ayana Renewable Power. This initiative represents a crucial turning point for the aluminium industry, which depends on consistent and stable power. It is one of the first in its field to provide 24-hour sustainable energy from sun and wind, according to the business, which has its headquarters in Bengaluru.
In addition to recently winning the REMCL tender to provide 300 MW of RTC electricity to a Joint Venture business of the Ministry of Railways and RITES, Ayana has been a leading advocate for RTC solutions in India.
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