Ayana Renewable Power, a major Independent Power Producer (IPP) in India, has made a significant achievement by signing a Power Purchase Agreement with Hindalco Industries Limited, the flagship company of the Aditya Birla Group. The agreement will supply 100 MW of round-the-clock (RTC) renewable energy to Hindalco's smelters in Odisha.
The Ayana renewable project is supported by the National Infrastructure and Investment Fund (NIIF), British International Investment (BII), and Green Growth Equity Fund. The captive power project is a crucial milestone for Ayana as they aim to become a demand-driven energy solution provider and achieve their vision of becoming India's lowest-cost power supplier. Ayana is leveraging a unique blend of solar, wind, and pumped hydro technologies to achieve this goal.
This project reinforces Ayana's position as a leader in India's energy transition landscape, as it increases its cumulative capacity under management to nearly 5 GW, encompassing operations, maintenance, and development.
The CEO of Ayana Renewable Power, Shivanand Nimbargi, emphasized that Ayana is dedicated to guiding India's energy transition and delivering 100 MW of uninterrupted, carbon-free power round the clock is a milestone for the company.
This project is essential for the aluminium industry, which requires reliable and continuous power. Ayana has been promoting RTC solutions in India and has recently won the REMCL tender to provide 300 MW of RTC power to a joint venture company of the Ministry of Railways and RITES Ltd. Ayana's efforts are a significant contribution to India's energy transition, and this project is an example of the company's commitment to providing reliable and affordable energy solutions.
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