Greenko to provide green power to ArcelorMittal, Ayana Renewables, and three states
Greenko Group has announced that it will supply green power to ArcelorMittal, Ayana Renewable Power, and three states from its 5,230 MW renewable energy plant being set up here.
The plant which is being set up for $3 billion is the world's largest renewable energy storage project. Global steel giant ArcelorMittal has made an investment of around $600 million for the 1,000 MW capacity of the project.
Out of 5,230 MW, 3,000 MW is solar, 550 MW wind and 1,680 MW is pump storage capacity. The daily storage capacity of the project will be 10,800 MW.
"Renewable energy will be supplied to ArcelorMittal, Ayana (Renewable Power) and discoms in Rajasthan, West Bengal, and Bihar," the company's Joint Managing Director Mahesh Kolli told.
The power will be supplied out of 1,680 storage capacity, Kolli said, adding that while ArcelorMittal will take away 250 MW for its plant operated by JV company AMNS India at Hazira, Gujarat, Ayana Renewable Power will get 550 MW and the rest will be supplied to the said states.
"Most of the PPAs (power purchase agreements) have been signed for the supply of green power" Greenko Group CEO and MD Anil Chalamalasetty said in reply to the question on agreements for buying power.
However, he did not share any further information related to tariffs, etc.
The project is expected to be commissioned by 2023, he said, and informed that once the project is operational it will help avoid 15 million tonnes (MT) of carbon dioxide, which is equal to the emissions coming out of 3 million cars.
"With this project, we have pioneered the concept of storage... This was possible due to policy support at the national level and of the state government," the CEO had said.