-
ALSO READ
2 bn units of renewable energy procured for aluminium smelter: Vedanta
Aluminium industry seeks cut in basic custom duty on critical raw materials
NTPC plans to rope in strategic investor for its clean energy arm NREL
California may cut rooftop solar incentives as panel market booms
Adani Group set up new subsidiary ANIL for new energy business
-
Vedanta Aluminium on Monday announced it will source 380 MW of green power on a long-term basis for its smelters.
Once online, this project has the potential to reduce the company's greenhouse gas emissions by 15,00,000 tonnes of CO2 equivalent annually.
This will be carried out through a power delivery agreement between Vedanta Ltd and Special Purpose Vehicles affiliates of Sterlite Power Technologies Pvt Ltd (SPTPL).
In a statement, the company said that 180 MW of this Renewable Energy (RE) will be for the aluminium smelter at Jharsuguda, in Odisha, and 200 MW for the Bharat Aluminium Company (BALCO) at Korba, in Chhattisgarh.
"This 380 MW renewable energy power delivery agreement for our aluminium smelters stands true to our mission of aligning the incentives of growth with the imperatives for the planet," Vedanta CEO aluminium business Rahul Sharma said.
Charting its roadmap to Net Zero by 2050, Vedanta Aluminium is working on a three pronged-approach to decarbonise its operations - increasing the quantum of renewable energy in its energy mix, bolstering operational efficiencies to reduce energy consumption, and rapidly transitioning to cleaner fuels and technologies.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU