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Home Renewable

IMFA Partners with JSW Green Energy for 70 MW Renewable Power Supply

Urja Daily by Urja Daily
December 18, 2024
in Renewable
Reading Time: 1 min read
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IMFA Partners
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Indian Metals & Ferro Alloys (IMFA), a ferroalloy producer, has entered into a joint venture with JSW Green Energy to source 70 MW of renewable energy for its smelting operations. IMFA has signed a binding term sheet with JSW Green Energy One and JSW Green Energy Seven, committing Rs 832.6 million to a wind-solar hybrid project comprising 50 MW solar and 100 MW wind capacity.

The company will also finalise a power purchase agreement as a captive consumer, which will remain valid for 25 years. Additionally, IMFA has implemented various measures to reduce carbon emissions and increase reliance on green energy sources.

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In December 2024, JSW Energy’s special purpose vehicle (SPV), JSW Green Energy Eight recently signed a power purchase agreement to supply power to Indus Towers in a captive arrangement, with Indus Towers proposing an investment of approximately Rs 380.3 million to acquire 26 per cent equity shares in the SPV.

Tags: IMFA PartnersJSW Green Energypower
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