Vedanta Aluminium Becomes India’s Largest Green Power Purchaser

Source: www.gulfoilandgas.com 8/5/2021, Location: Asia

Vedanta Aluminium Business, India’s largest producer of aluminium and value-added products, became India’s largest green power purchaser at the Indian Energy Exchange Limited (IEX) in Q1 FY22. For its largest integrated aluminium production facility at Jharsuguda, in Odisha (India), Vedanta procured 354 million units of solar and non-solar renewable energy primarily from IEX’s Green Term-Ahead Market (GTAM).

Purchase of green power from GTAM has enabled organisations like Vedanta 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.

Speaking about Vedanta’s approach towards carbon mitigation, Mr. 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. Vedanta Aluminium’s energy stewardship manifests itself through a two-pronged strategy – a sharp focus on excellent energy management of assets and processes, and a roadmap towards carbon neutrality with increasing consumption share of green energy. Our long-term strategy focuses on migrating to low carbon energy mix to produce green aluminium.”

Vedanta Aluminium’s operations are aligned to the recommendations made by the Task Force on Climate related Financial Disclosures. The Company has significantly reduced its GHG emission intensity by 21% over 2012 baseline, and aims to reduce it by 24% in 2025 over the same baseline. It has reduced 2 million GJ in indirect energy consumption between FY20 & FY21 at its captive assets. Climate action initiatives across Vedanta Aluminium’s operations have resulted in energy conservation of 1.4 million GJ and GHG savings of 0.32 million tonnes of carbon dioxide equivalent (tCO2e) in FY 20-21.


United Kingdom >>  5/12/2022 - Partnership links University's technical expertise to the low carbon energy sector

A pioneering research programme bringing together academ...

Russia >>  5/10/2022 - - No Russian gas exports to the EU could slow growth in the EBRD regions by 2.3 per cent
- Short-term increase in energy prices would be the mai...


Denmark >>  5/9/2022 - - The European Commission, Hydrogen Europe and 20 European companies including Topsoe signed a declaration on increasing electrolyzer manufacturing ca...
Germany >>  5/9/2022 - Valmont Industries, Inc., a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through t...

Germany >>  5/6/2022 - Renewable energy leader BayWa r.e. will issue Europe’s first-ever tender initiated by a developer, for corporate power purchase agreements (CPPA), tot...
United States >>  5/2/2022 - The GivePower Foundation and Vision Solar became partners in 2021; through their partnership, a percentage from every Vision Solar installation is don...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.