Jubilant to Source 54 MUs from O2 Power’s Hybrid Project
POWER & RENEWABLE ENERGY

Jubilant to Source 54 MUs from O2 Power’s Hybrid Project

Jubilant Ingrevia will procure approximately 54 million units (MU) of power annually for its Gujarat-based manufacturing facility from O2 Power’s wind-solar hybrid project. The power will be supplied through a third-party open access model from an interstate transmission-connected, co-located project in Maharashtra.

The company signed the power purchase agreement (PPA) through its wholly owned subsidiary, Jubilant Infrastructure, enabling its Bharuch plant to meet 50% of its energy needs from renewable sources. Following this deal, 35% of the power requirements for Jubilant’s overall manufacturing facilities will come from renewables.

In FY2024, the company aimed to source 7% of its power from renewables but achieved 5.49%. It has previously signed agreements with O2 Power to supply renewable energy to its facilities in Savli, Gujarat, and Gajraula, Uttar Pradesh, with those projects expected to be commissioned in April 2025.

In January 2025, the Gujarat Electricity Regulatory Commission approved a PPA between Jubilant Infrastructure and O2 Renewable Energy III for 9 MW of wind-solar hybrid power. In FY2024, the company consumed 5.60 million m3 of biogas, 0.10 peta joules of energy from biogas, and 0.08 peta joules of solar energy, leading to savings of Rs 255.7 million at its Gajraula and Bharuch plants.

Jubilant plans to increase its renewable energy share by 2.5 times by 2025. The company also holds a 26% stake in AMP Energy C&I and AMP Energy Green Fifteen to procure power from a 15.5 MW solar project and invested Rs 102.50 million in O2 Renewable Energy XVIII Private Limited in 2024.

(mercom)
            

Jubilant Ingrevia will procure approximately 54 million units (MU) of power annually for its Gujarat-based manufacturing facility from O2 Power’s wind-solar hybrid project. The power will be supplied through a third-party open access model from an interstate transmission-connected, co-located project in Maharashtra.The company signed the power purchase agreement (PPA) through its wholly owned subsidiary, Jubilant Infrastructure, enabling its Bharuch plant to meet 50% of its energy needs from renewable sources. Following this deal, 35% of the power requirements for Jubilant’s overall manufacturing facilities will come from renewables.In FY2024, the company aimed to source 7% of its power from renewables but achieved 5.49%. It has previously signed agreements with O2 Power to supply renewable energy to its facilities in Savli, Gujarat, and Gajraula, Uttar Pradesh, with those projects expected to be commissioned in April 2025.In January 2025, the Gujarat Electricity Regulatory Commission approved a PPA between Jubilant Infrastructure and O2 Renewable Energy III for 9 MW of wind-solar hybrid power. In FY2024, the company consumed 5.60 million m3 of biogas, 0.10 peta joules of energy from biogas, and 0.08 peta joules of solar energy, leading to savings of Rs 255.7 million at its Gajraula and Bharuch plants.Jubilant plans to increase its renewable energy share by 2.5 times by 2025. The company also holds a 26% stake in AMP Energy C&I and AMP Energy Green Fifteen to procure power from a 15.5 MW solar project and invested Rs 102.50 million in O2 Renewable Energy XVIII Private Limited in 2024.(mercom)            

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code