Vedanta Aluminium becomes India’s largest green power purchaser
Vedanta Aluminium’s purchase of green power units is more than 35% of the green power traded on IEX in Q1 FY22
Chandigarh: Vedanta Aluminium Business the largest producer of aluminium and value-added products in country has become India’s largest green power purchase on the Green Market at Indian Energy Exchange Limited (IEX) platform in Q1 FY 21-22. For its largest integrated aluminium production facility at Jharsuguda, in Odisha, Vedanta procured 354 million units of solar and non-solar renewable energy primarily from Green Term-Ahead Market (GTAM) at IEX.
IEX is a premiere energy marketplace and is the largest power exchange in the country. The purchase of green power from the exchange has enabled organisations like Vedanta and the industry at large to achieve their carbon-mitigation targets while producing ‘green’ value-added products. Vedanta Aluminium’s purchase of green power units is more than 35% of the green power traded on IEX in Q1 FY22.
Rahul Sharma, CEO – Vedanta Aluminium Business said, “Our sustainability imperatives are designed to fulfil our climate impact reduction targets, which are in complete alignment with the goals of Paris Agreement and Nationally Determined Contributions (NDC) submitted by the Government of India.”