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Vedanta Aluminium purchases 354 million units of renewable energy from IEX

Bulk of procurement is from Green Term-Ahead Market, which was introduced last year by IEX and supports buyers in procuring green energy in a competitive and flexible manner

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Vedanta Aluminium’s purchase of green power units is more than 35 percent of the green power traded on IEX in Q1 FY22, said the company in its release today. (Representative Image)

Aditi Divekar Mumbai

2 min read Last Updated : Aug 02 2021 | 10:55 PM IST

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

Topics : Vedanta renewable enrgy IEX

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