Hindalco, Aditya Birla Group’s flagship company, and Greenko Energies have entered into a commercial agreement on 11 August 2022 for setting up renewal power projects (solar and wind) to the tune of approximately 350 – 400 MW.
The renewal power project will be set up as a captive generation facility under a 25-year off-take arrangement and will supply power to Hindalco’s Aditya Aluminium smelter unit in Hirakud, Odisha. This will enable a reduction of CO2 emission by 680,000 tonnes annually.
The renewal power project will add 100 MW round-the-clock (RTC) of captive power and be enhanced to up to 350 MW of round-the-clock carbon-free energy in future. As aluminium smelting requires reliable and continuous power, with this project, Hindalco will become the first in India, in the aluminium sector with high reliability from renewal power without dependence on GRID. The project is in line with Hindalco’s target to become net carbon neutral by 2050.
As per the agreement, Greenko Energy will design, construct, partly own and operate the solar and wind facilities. Also, the company will make available appropriate storage capacity from its hydro pump storage project in Pinnapuram, Andhra Pradesh to ensure continuous power supply.
Meanwhile, both companies are planning to sign the PPA (Power Purchase Agreement) soon.
We look forward to taking this partnership further ahead and contribute to Hindalco’s long-term commitment of becoming a net carbon-neutral company by 2050.
Anil Kumar Chalamalasetty
CEO & Managing Director at Greenko