BALCO to obtain hybrid renewal electricity for its aluminium operations in Chhattisgarh
BALCO and Serentica Renewables India Private (SRIPL) signed a Power Delivery Agreement (PDA) to obtain hybrid renewable electricity for its aluminium operations in Chhattisgarh. BALCO will own 26 per cent of the stock in the Special Purpose Vehicle (SPV), and the project will be financed at a debt-to-equity ratio of 70:30.
Construction of the hybrid energy project will follow a captive paradigm and a build-own-operate philosophy. The PDA will be in effect for 25 years starting on the project's launching date. After signing the PDA, the SPV should begin supplying electricity in 24 months. According to Vedanta, this will aid in ensuring a steady electricity supply for the aluminium industry from renewable energy sources.
"BALCO has entered into a Power Delivery Agreement (PDA) to source 105 MW hybrid renewable power for its aluminium operations at Chhattisgarh, through Special Purpose Vehicle (SPV) i.e. affiliates of SRIPL," said Vedanta.
This news is also available on our App 'AlCircle News' Android | iOS
A world class equipment designer specialized in developing innovative & effective solutions for heavy equipment, vehicles, and material handling systems
Leading supplier of rail mounted precision Furnace Charging Machines and Furnace Skimming Machines
Leading manufacturer of value-added equipment for the aluminum casthouse
Manufacturers & Supplier of Magnesium Metal and Aluminium Foundry Chemicals.
Your reliable partner in aluminum casthouse equipment and products
Fioscope provide air-cooled camera technology for high temperature applications
.jpg/0/0)
Business Leads
