AMPIN Energy Utility One has secured a long-term power purchase agreement (PPA) with Indian Metals & Ferro Alloys Ltd (IMFA), India’s leading fully integrated producer of ferro alloys. Under the terms of the PPA, AMPIN will supply 40 MW of contracted power to IMFA through a hybrid renewable energy solution, comprising 58 MW AC of solar and 58 MW of wind capacity. The agreement is valid for a period of 25 years.
With this partnership, IMFA expects to significantly reduce its carbon footprint, ensure long-term energy cost stability, and support the company’s environmental, social, and governance (ESG) objectives.
“This long-term agreement with AMPIN Energy Utility One Private Limited is a milestone in our journey towards sustainable operations. By integrating hybrid renewable energy into our power mix, we are not only reducing our dependence on conventional sources but also reinforcing our commitment to responsible manufacturing,” said Bijayananda Mohapatra, Chief Operating Officer of IMFA.
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