Hindalco Industries and Greenko Energies have entered into a commercial arrangement to set up a renewable energy project for supply of 100 MW round-the-clock carbon free power. The arrangement covers the development of 375-400 MW of solar and wind capacity. The RE project will be set up as a captive generation facility under a 25-year offtake arrangement and will supply power to Hindalco’s Aditya Aluminium smelter in Odisha, enabling reduction of CO2 emissions by 680,000 tonnes annually. Greenko will design, construct, partly own and operate the solar and wind facilities. Greenko will also make available appropriate storage capacity from its hydro pump storage project in Pinnapuram in Andhra Pradesh to ensure continuous power supply.Further discussions between the parties to execute a power purchase agreement along with the other supplementary agreements is expected to be completed soon
Hindalco Industries and Greenko Energies have entered into a commercial arrangement to set up a renewable energy project for supply of 100 MW round-the-clock carbon free power. The arrangement covers the development of 375-400 MW of solar and wind capacity. The RE project will be set up as a captive generation facility under a 25-year offtake arrangement and will supply power to Hindalco’s Aditya Aluminium smelter in Odisha, enabling reduction of CO2 emissions by 680,000 tonnes annually. Greenko will design, construct, partly own and operate the solar and wind facilities. Greenko will also make available appropriate storage capacity from its hydro pump storage project in Pinnapuram in Andhra Pradesh to ensure continuous power supply.Further discussions between the parties to execute a power purchase agreement along with the other supplementary agreements is expected to be completed soon
