The company has purchased 354 million units of renewable energy in FY22
New Delhi : Vedanta Aluminium on Monday said it has become India’s largest green power purchaser on the Green Term-Ahead Market (GTAM) at the Indian Energy Exchange (IEX) platform in the first quarter (Q1) of financial year 2021-22 (FY22).
The company said that it procured 354 million units of renewable energy primarily from GTAM — it supports buyers in procuring green energy — at IEX for its largest integrated aluminium production facility in Odisha.
According to the company press release, Vedanta Aluminium’s purchase of green power units is more than 35 per cent of the green power traded on IEX in Q1 FY22.
“Our long-term strategy focuses on migrating to a low carbon energy mix, with gradual shift from fossil fuels to renewable energy, to produce green aluminium,” said Rahul Sharma, chief executive officer, Vedanta Aluminium Business.
IEX is an energy marketplace and the largest power exchange in the country.
Source : PTI
