NIIF-Backed Ayana Renewable Power To develop 330 MW RE Capacity For Hindalco 

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Ayana Renewable Power, one of the largest Independent Power Producers (IPP) in India and backed by National Investment and Infrastructure Fund (NIIF), British International Investment (BII) and Green Growth Equity Fund, has signed a Power Purchase Agreement with Hindalco Industries Limited, the metals flagship company of the Aditya Birla Group, for the supply of 100 MW of Round-the-Clock (RTC) renewable energy to Hindalco’s smelter plants in Odisha. Hindalco is India’s largest aluminium producer, one of the most energy intensive metals to produce.

This captive power project is a significant milestone in Ayana’s efforts towards becoming a demand-driven energy solution provider. For Ayana, the project bolsters cumulative capacity under management to nearly 5 GW, encompassing operations, maintenance, and development reinforcing Ayana’s position as a key player in India’s energy transition landscape.

Highlighting the essence of this project, Shivanand Nimbargi, MD & CEO of Ayana Renewable Power, stated, “At Ayana Renewable Power, we are resolutely committed to steering India’s energy transition journey. Our latest project marks a pivotal milestone as we deliver 100 MW of uninterrupted, carbon free power round-the-clock – a pioneering feat in the industrial segment.”

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This project marks a significant milestone in the aluminum industry which requires reliable and continuous power, it is one of the first in the sector globally to deliver round-the-clock renewable energy from solar and wind. Ayana has been seeking a strong position in the RTC solutions space in India and has also recently won theREMCL tender to supply 300 MW of RTC power to a Joint Venture company of Ministry of Railways and RITES Ltd.