Hindalco Industries Ltd.

Hindalco Industries and Greenko Energies have entered into 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 Hindalco’s 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.

Aluminium smelting requires reliable and continuous power. The project will be one of the world’s first for the aluminium sector with very high (+85%) reliability from solar and wind power without dependence on grid electricity. Hindalco will also be the first aluminium company in India to use such RTC (round the clock) carbon free power for smelting.

Greenko will design, construct, partly own and operate the solar and wind facilities. Greenko will also make available appropriate storage capacity from its hydro pump storage project in Pinnapuram, Andhra Pradesh to ensure continuous power supply.

Hindalco Industries is an industry leader in aluminium and copper. The company’s aluminium units across the country encompass the entire gamut of operations from bauxite mining, alumina refining, aluminium smelting to downstream rolling, extrusions, foils and alloy wheels, along with captive power plants and coal mines.