Vedanta Alu procures 2 bn units of RE power in 2021

New Delhi: Vedanta Aluminium Business, Indias largest producer of aluminium and value-added products, has become the biggest industrial consumer of renewable energy (RE) in 2021, leading renewable energy procurement on the country's power exchanges – Indian Energy Exchange (IEX) and Power Exchange India Limited (PXIL). The company has procured about 2 billion units of RE power in the year 2021 for consumption at its Aluminium Smelter in Jharsuguda, Odisha, thereby reducing GHG emissions intensity at the smelter by more than 1540 KtCO2e (kilo tonnes of CO2 equivalent) in the year. Vedanta Aluminium's Jharsuguda unit is India's largest renewable energy buyer on Green Term Ahead Market (G-TAM) platform at IEX.

Vedanta's subsidiary Bharat Aluminium Company (BALCO) has led the renewable energy trading session, procuring 59 per cent of the traded RE certificates (RECs) in November 2021 alone, and a total of over 2,861,700 RECs in the year.

Speaking about Vedanta Aluminium's ESG vision, Rahul Sharma, CEO – Aluminium Business, Vedanta Limited, said: "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.

Becoming India's largest industrial consumer of RE in 2021 reflects our persistent endeavours to increase the share of green power in our energy mix and accelerate our transition into low-carbon operations."