Vedanta Aluminium purchases 354 million units of renewable energy from IEX

Vedanta Aluminium today said it procured 354 million units of solar and non-solar renewable energy primarily from Green Term-Ahead Market (GTAM) at IEX for its aluminium production facility at Jharsuguda, in Odisha.

IEX is a premiere 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.

“The market segment has been operational for over a year now and has received splendid response from industries, especially the energy intensive ones as well as the distribution utilities,”