Vedanta Aluminum announced that it will source 380 MW of renewable energy on a long-term contract basis for its smelters.
This project, once it is online, has the potential of reducing the company’s greenhouse gases emissions by 15,00,000.00 tonnes of CO2 equivalent per year.
This will be done through a power delivery arrangement between Vedanta Ltd. and Special Purpose Vehicles (SPV), affiliates of Sterlite Power Technologies Pvt Ltd. (SPTPL).
The company stated that 180 MW will be used by the Jharsuguda aluminium smelter in Odisha and 200 MW by the Bharat Aluminum Company (BALCO), Korba in Chhattisgarh.
Rahul Sharma, Vedanta CEO and aluminium business said that the 380 MW agreement with renewable energy power suppliers for our aluminium plants is true to our mission of aligning growth incentives with the imperatives of the planet.
Vedanta Aluminum is pursuing a three-pronged approach to decarbonise its operations. This includes increasing the amount of renewable energy in its energy mix and improving operational efficiency to reduce energy consumption.