Latest News | O2 Power, Jubilant Ingrevia Sign PPA to Supply Renewable Energy
Get latest articles and stories on Latest News at LatestLY. 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).
New Delhi, Mar 12 (PTI) 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.
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.
The company focuses on developing, constructing, and operating renewable energy projects, including solar and wind power.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)