O2 Power, Jubilant Ingrevia sign PPA to supply renewable energy EnergyWatch.In
Renewable Energy

O2 Power, Jubilant Ingrevia sign PPA to supply renewable energy

Under the agreement, the O2 Power will also supply power to Jubilant Infrastructure, a wholly-owned subsidiary of Jubilant Ingrevia, for its SEZ Bharuch manufacturing facility

EW Bureau

New Delhi: O2 Power on Wednesday announced that it will supply renewable energy to Jubilant Ingrevia's Gujarat facility as part of a power purchase agreement (PPA).

Under the agreement, the power will supplied to Jubilant Infrastructure, a wholly-owned subsidiary of Jubilant Ingrevia, for its SEZ Bharuch manufacturing facility.

Jubilant Ingrevia Limited has taken a step towards enhancing its renewable energy footprint by signing a power purchase agreement with O2 Power through its wholly-owned subsidiary Jubilant Infrastructure Limited for its SEZ Bharuch Manufacturing Facility.

Also read:Carbon cash, trading Green: Indian Carbon Market

O2 Power founder and CEO Parag Sharma said, "This (agreement) is in addition to the successful, ongoing execution for their facilities in Savli and Gajraula. By supplying reliable, renewable energy, we are not only supporting Jubilant Ingrevia Limited's sustainability goals but are also contributing significantly towards a greener, low-carbon future".

O2 Power is a renewable energy platform in India established in 2020 by Singapore-based investment company Temasek and Stockholm-based investment firm EQT Infrastructure.

Also read:Suzlon wins 204.75 MW wind energy order from Jindal Renewables

The company focuses on developing, constructing, and operating renewable energy projects, including solar and wind power.

Also Read

ACME Solar arm signs 130 MW round-the-clock PPA with Northeast Frontier Railway at Rs 4.35 per kWh

AESL wins Rs 4,700-cr Maharashtra transmission project to evacuate 4,500 MW of RE power

CAG questions basis of BCCL's Rs 135 crore coal reject valuation

US sanctions 4 India-based firms over Iranian oil and petrochemical imports

Nexon Geochem says Indian raw materials passed first tests for rare earth magnet production, pilot on