JSP's Odisha plant will receive 1,000 MW of green energy from Greenko
POWER & RENEWABLE ENERGY

JSP's Odisha plant will receive 1,000 MW of green energy from Greenko

A deal for the provision of 1,000 MW of green power has been struck between Jindal Steel and Power (JSP) and Greenko.

In accordance with the Memorandum of Understanding (MoU), Greenko would provide clean energy for its steelmaking operations in Angul, Odisha.

The action was intended to lower CO2 emissions in line with ESG objectives. Using green energy will help Angul, Odisha, reduce CO2 emissions by almost 7 million tonnes yearly.

The proposed 1,000 MW of carbon-free electricity is intended to satisfy the Angul facility's current and future power needs.

The Off Stream Closed Loop Pumped Storage Project (OCPSP) that Greenko Group is now developing in Madhya Pradesh and Rajasthan will provide energy storage capacity.

Also read:
Odisha suggests amending the regulations governing deviation settlement
Tata Steel starts operation at the Neelachal Ispat plant in Odisha


A deal for the provision of 1,000 MW of green power has been struck between Jindal Steel and Power (JSP) and Greenko. In accordance with the Memorandum of Understanding (MoU), Greenko would provide clean energy for its steelmaking operations in Angul, Odisha. The action was intended to lower CO2 emissions in line with ESG objectives. Using green energy will help Angul, Odisha, reduce CO2 emissions by almost 7 million tonnes yearly. The proposed 1,000 MW of carbon-free electricity is intended to satisfy the Angul facility's current and future power needs. The Off Stream Closed Loop Pumped Storage Project (OCPSP) that Greenko Group is now developing in Madhya Pradesh and Rajasthan will provide energy storage capacity. Also read: Odisha suggests amending the regulations governing deviation settlement Tata Steel starts operation at the Neelachal Ispat plant in Odisha

Next Story
Products

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Next Story
Infrastructure Energy

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

Next Story
Infrastructure Energy

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation  and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India.   The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?