Ayana Renewable signs PPA with Hindalco
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Mumbai: Ayana Renewable Power on Monday said it has signed a Power Purchase Agreement with Hindalco Industries, the metals flagship company of the Aditya Birla Group. Under the agreement, Ayana Renewable Power will be supplying 100 MW of Round-the-Clock (RTC) renewable energy to Hindalco Industries’ smelter plants in Odisha.
“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,” Ayana Renewable Power managing director and CEO Shivanand Nimbargi said in a statement.
Ayana Renewable Power is backed by the National Investment and Infrastructure Fund (NIIF), British International Investment (BII) and Green Growth Equity Fund.
