Vedanta Aluminium Business, India’s largest producer of aluminium and value-added products, became India’s largest green power purchaser on the Green Market at the Indian Energy Exchange Limited (IEX) platformin Q1 FY 21-22. For its largest integrated aluminium production facility at Jharsuguda, in Odisha, Vedanta procured 354millionunits of solar and non-solar renewable energy primarily from GreenTerm-Ahead Market (GTAM) at IEX.
IEX is apremiere energy marketplace and is the largest power exchange in the country. GTAM, introduced last year by IEX, supports buyers in procuring green energy in the most competitive and flexible manner.
The purchase of green power from the exchange has enabled organisations like Vedanta and the industry at large 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.
Vedanta Aluminium’s energy stewardship manifests itself through a two-pronged strategy – asharp focus on attaining highest efficiency of assets and processes for excellent energy management, and a road map towards carbon neutrality that includes adopting the right mix of feasible avenues for increasing consumption share of green energy.
Case in point, Vedanta Aluminium bagged three Gold Awards at the Society of Energy Engineers and Managers (SEEM) National Energy Management Awards 2020 for outstanding energy performance by its Aluminium Smelters I & II and Captive Power Plant at Jharsuguda.