New Delhi: Vedanta Aluminium Business has emerged as the largest industrial consumer of renewable energy in the country in 2021.
The company leads in renewable energy (RE) procurement from Indian Energy Exchange (IEX) and Power Exchange India Limited (PXIL). It has procured about 2 billion units of RE power in 2021 for consumption at its aluminium smelter in Jharsuguda district of Odisha, thereby reducing GHG emissions by more than 1540 KtCO2e (kilo tonnes of CO2 equivalent) in the year.
The company’s Jharsuguda unit is the country’s largest RE buyer from Green Term Ahead Market (G-TAM) platform at IEX. Vedanta’s subsidiary Bharat Aluminium Company (BALCO) has led the renewable energy trading session, procuring over 2,861,700 RE certificates in the year.
“We are committed to our vision of achieving net zero carbon by 2050. To that end, we have stepped up our endeavours along key three pillars – continuously improving energy efficiency of operations, increasing the quantum of renewable energy in our energy mix and replacing fossil fuels with greener and cleaner alternatives – all powered by emerging green technologies,” said Rahul Sharma, CEO, Aluminium Business, Vedanta Limited.
Rohit Bajaj, senior vice-president and head of business development, IEX, said, “As the leading participant in the Indian Energy Exchange’s (IEX) Green Market, Vedanta Aluminium Business has set a very strong precedence for the Indian manufacturing industry to step up green energy consumption towards reducing the carbon footprint.”
Prabhajit Kumar Sarkar, MD & CEO, Power Exchange India Ltd (PXIL) congratulated BALCO for being the leading buyer in November 2021 REC trading session. Focused RE adoption strategy by industry leaders such as Vedanta Aluminium will inspire the industry at large to accelerate the pace of energy transition, he added.
Vedanta Aluminium Business, a division of Vedanta Limited, has produced 1.97 million tonne which is half of total production in the country in 2021 financial year.
