The telecommunications tower firm included that it will certainly consume 50 MW of renewable resource from Solar PV power plant in conformity with regulative need for captive nuclear power plant according to the provisions of Electrical energy Act, 2003 and Indian Electrical Energy Policy, 2005. “This procurement lines up with Indus’ renewable resource goals, supporting the intake of sustainable power and progressing its Web Zero objectives.”
The bargain is subject to the invoice of all approvals, approvals required to be acquired by Amplus Tungabhadra from regulative authority( s), and the a measure time of conclusion is February 2026, the towerco included.
At its fiscal 3rd quarter revenues telephone call, the Indus administration stated the towerco is taking efforts to enhance its power margins, that includes minimizing our diesel consumption and raising the share of renewable resource to take advantage of the reduced cost. “Tying up with strategic partners under Eco-friendly Energy Open Access and deploying solar websites are expected to optimize our total energy cost.”
The scheduled procurement, it said, is for the function of owning and running a captive power plant, in keeping with the governing demands for captive power intake under India’s electrical power laws.
Recently, Indus Towers has been broadening its renewable resource portfolio to optimise power costs. In December 2024, it had announced plans to acquire a 26% stake in JSW Green Energy Eight Ltd– an additional SPV involved in the renewable energy area– for a money consideration of Rs 38.03 crore. The a measure timeline for closure of that bargain is March 2026, the towerco had actually stated last December.
Indus had added that the Eco-friendly Energy Open Access plan had actually been alerted in practically 24 states, which would be an essential enabler for not only driving use renewable energy but likewise making the power intake more efficient.
“… the business has entered into an arrangement for procurement of 26% of the equity share funding, on a totally watered down basis, in Amplus Tungabhadra Pvt Ltd, an unique objective automobile, for the function of owning and operating a Captive Power Plant,” Indus stated in a BSE declaring.
Indus Towers is readied to get a 26% risk in Amplus Tungabhadra Pvt Ltd for Rs 27 crore to own and run a 50 MW solar PV restricted power plant. This purchase lines up with their renewable energy objectives, sustaining sustainable energy usage and progressing their Internet Zero objectives.
1 Amplus Tungabhadra Pvt2 captive power plant
« Airtel Africa’s lease liabilities jump $1.2 bn post-contract renewals with US-based ATCPlan to raise Rs 16,000 cr from sale of MTNL, BSNL assets in last lap »