Indian Metals signs 25-year power purchase agreement with AMPIN Energy Utility One
Indian Metals has recently informed exchanges that the company signed a long-term Power Purchase Agreement (PPA) with Ampin Energy Utility One Private Limited for the supply of hybrid renewable energy. This agreement follows a previously established binding term sheet between the two companies.
Under the terms of the agreement, Ampin Energy Utility One will supply Indian Metals with hybrid renewable power corresponding to a contracted demand of 40 MW. The project will comprise 58 MW AC of solar capacity and 58 MW of wind capacity.
The duration of the Power Purchase Agreement is 25 years. This initiative aligns with Indian Metals' ongoing efforts to integrate renewable energy into its power mix.
In the exhcange fling, Indian Metals shared, 'In continuation of our earlier intimation dated 25th February 2025 wherein the Company had entered into Binding Term Sheet with AMPIN ENERGY UTILITY ONE PRIVATE LIMITED to supply hybrid renewable power of 40 MW Contracted demand (Solar capacity of 58 MW AC & Wind capacity of 58 MW), we are pleased to inform you that the Company has signed a Power Purchase Agreement with the above Company for 25 years (twenty five years).'
With this PPA, Indian Metals sets a benchmark in the industry for transitioning to clean energy and driving environmental stewardship.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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