+
Indus Towers to Procure 50 MW Renewable Energy from Amplus
POWER & RENEWABLE ENERGY

Indus Towers to Procure 50 MW Renewable Energy from Amplus

Indus Towers, a Gurugram-based mobile tower installation company, is set to source 50 MW of renewable energy from Amplus Tungabhadra, a special purpose vehicle of Amplus Energy, through captive mode. To facilitate this, the company will invest Rs 270 million for a 26 per cent stake in Amplus Tungabhadra on a fully diluted basis.

Amplus Tungabhadra will establish a 50 MW solar captive power project exclusively for Indus Towers, with completion expected by February 2026. As part of its renewable energy strategy, Indus Towers has already integrated solar systems at 15,535 sites and operates 276 locations powered by solar and wind microgrids. The company currently manages 229,659 towers and 379,236 co-locations.

In Karnataka, Indus Towers has entered into a power purchase agreement and a shareholder’s agreement for an additional 8.3 MW with Amplus. The company is actively expanding its renewable energy portfolio under green energy open access, targeting a capacity of up to 3.5 GW. Its long-term goal is to achieve net-zero emissions by 2050, with plans to scale its renewable energy capacity to the gigawatt level. At present, the company has an installed solar capacity of 76 MW and aims to reach 25,000 solar-powered sites by 2025. Additionally, eleven of its warehouses are fully powered by solar energy.

Renewable energy integration and the adoption of energy storage solutions have significantly reduced diesel consumption. In a similar move last year, Indus Towers committed to procuring 130 MW of solar energy from JSW Green Energy Eight, acquiring a 26 per cent stake with an investment of approximately Rs 380.3 million. In March 2024, the company also partnered with NTPC Green Energy to develop grid-connected renewable energy projects, including solar, wind, and energy storage solutions.

News source: Mercom India

Indus Towers, a Gurugram-based mobile tower installation company, is set to source 50 MW of renewable energy from Amplus Tungabhadra, a special purpose vehicle of Amplus Energy, through captive mode. To facilitate this, the company will invest Rs 270 million for a 26 per cent stake in Amplus Tungabhadra on a fully diluted basis. Amplus Tungabhadra will establish a 50 MW solar captive power project exclusively for Indus Towers, with completion expected by February 2026. As part of its renewable energy strategy, Indus Towers has already integrated solar systems at 15,535 sites and operates 276 locations powered by solar and wind microgrids. The company currently manages 229,659 towers and 379,236 co-locations. In Karnataka, Indus Towers has entered into a power purchase agreement and a shareholder’s agreement for an additional 8.3 MW with Amplus. The company is actively expanding its renewable energy portfolio under green energy open access, targeting a capacity of up to 3.5 GW. Its long-term goal is to achieve net-zero emissions by 2050, with plans to scale its renewable energy capacity to the gigawatt level. At present, the company has an installed solar capacity of 76 MW and aims to reach 25,000 solar-powered sites by 2025. Additionally, eleven of its warehouses are fully powered by solar energy. Renewable energy integration and the adoption of energy storage solutions have significantly reduced diesel consumption. In a similar move last year, Indus Towers committed to procuring 130 MW of solar energy from JSW Green Energy Eight, acquiring a 26 per cent stake with an investment of approximately Rs 380.3 million. In March 2024, the company also partnered with NTPC Green Energy to develop grid-connected renewable energy projects, including solar, wind, and energy storage solutions. News source: Mercom India

Related Stories

Gold Stories

Next Story
Equipment

Seven Propel 470 HEV electric tippers go to work on coal haulage in Chhattisgarh

Propel EV, the electric mobility division of Propel Industries and India's No. 1 electric tipper brand, has deployed seven 470 HEV electric trucks with a leading coal-haulage contractor at one of India's largest opencast coal mines in Chhattisgarh. The trucks are in daily operation, moving coal on continuous haul cycles in one of the most demanding applications in Indian mining.Why Electric - and Why CoalCoal haulage runs round the clock: heavy loads, long haul cycles, steep ramps and abrasive dust. It is also where diesel hurts most. Engines run continuously, fuel is the largest single operat..

Next Story
Infrastructure Transport

UP Cabinet Approves Renaming Jewar Airport After PM Modi

The Uttar Pradesh Cabinet has approved a proposal to rename Noida International Airport at Jewar as Narendra Modi International Airport, Noida-Jewar. Chief Minister Yogi Adityanath announced the decision after a Cabinet meeting, saying the airport represented a major contribution to the state and would become Uttar Pradesh’s largest airport and a significant aviation hub. The greenfield airport’s foundation stone was laid by Prime Minister Narendra Modi on November 25, 2021. He inaugurated Phase 1 on March 28, 2026, and commercial flights began on June 15. The facility is being developed a..

Next Story
Infrastructure Energy

Rolls-Royce Seeks Deeper Strategic Role in India

Rolls-Royce has described India as central to its long-term ambitions and said it wants to deepen its role as a strategic partner supporting the country’s energy security, infrastructure growth, national security and connectivity. The British aero-engine maker said its future expansion would build on decades of operations, industrial partnerships, engineering capabilities and a growing manufacturing and supply-chain ecosystem. The company held a board meeting in India for the first time this week. During a three-day visit, Rolls-Royce chief executive Tufan Erginbilgic met Prime Minister Nare..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code