Advertisement
Outlook

Ayana Renewable To Develop 330 MW Capacity For Hindalco

By PTI September 05, 2023

The project aligns with the company’s vision to become India’s lowest cost power supplier leveraging the combination of solar, wind and pumped hydro technologies

Ayana Renewable To Develop 330 MW Capacity For Hindalco
Renewable Energy. Shutterstock
Advertisement

Ayana Renewable Power, a renewable energy Independent Power Producer (IPP) has signed a power purchase agreement with Hindalco Industries Limited, the metal company of the Aditya Birla Group for the supply of 100 MW of Round-the-Clock (RTC) renewable energy to Hindalco’s smelter plants in Odisha. 

With this captive power project, National Infrastructure and Investment Fund (NIIF) backed company aims to become a demand-driven energy solution provider. It bolsters Ayana's cumulative capacity under management to nearly 5 GW, encompassing operations, maintenance, and development.

Highlighting the essence of this project, Shivanand Nimbargi, MD & CEO of Ayana Renewable Power, stated, "At Ayana Renewable Power, we are resolutely committed to steering India's energy transition journey. Our latest project marks a pivotal milestone as we deliver 100 MW of uninterrupted, carbon-free power round-the-clock - a pioneering feat in the industrial segment.” 

The project aligns with the company’s vision to become India’s lowest cost power supplier leveraging the combination of solar, wind and pumped hydro technologies.

This RTC renewable energy project is significant for the aluminium industry as it requires reliable and continuous power. 

Ayana recently won the REMCL tender to supply 300 MW of RTC power to a joint venture company of Ministry of Railways and RITES Ltd. It is also working on pilot green-hydrogen project. Currently involved in the development and management of close to 5GWac of solar, wind and hybrid power projects located across several Indian states, including Andhra Pradesh, Tamil Nadu, Karnataka, Rajasthan, and Gujarat, the company aims to build a 10GWac portfolio by 2025.

Advertisement