Hindalco enters into agreement with Greenko to set up 100 MW renewable energy project

11 Aug 2022 , 02:38 PM

Hindalco Industries and Greenko Energies have entered into a commercial arrangement to set up a renewable energy (RE) 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 Hindalcos Aditya Aluminium smelter in Odisha, enabling reduction of CO2 emissions by 680,000 tonnes annually. Further discussions between the parties to execute a power purchase agreement along with the other supplementary agreements is expected to be completed soon. Powered by Capital Market – Live News