Indus Towers to Procure 50 MW Renewable Energy from Amplus
POWER & RENEWABLE ENERGY

Indus Towers to Procure 50 MW Renewable Energy from Amplus

Indus Towers, a Gurugram-based mobile tower installation company, is set to source 50 MW of renewable energy from Amplus Tungabhadra, a special purpose vehicle of Amplus Energy, through captive mode. To facilitate this, the company will invest Rs 270 million for a 26 per cent stake in Amplus Tungabhadra on a fully diluted basis.

Amplus Tungabhadra will establish a 50 MW solar captive power project exclusively for Indus Towers, with completion expected by February 2026. As part of its renewable energy strategy, Indus Towers has already integrated solar systems at 15,535 sites and operates 276 locations powered by solar and wind microgrids. The company currently manages 229,659 towers and 379,236 co-locations.

In Karnataka, Indus Towers has entered into a power purchase agreement and a shareholder’s agreement for an additional 8.3 MW with Amplus. The company is actively expanding its renewable energy portfolio under green energy open access, targeting a capacity of up to 3.5 GW. Its long-term goal is to achieve net-zero emissions by 2050, with plans to scale its renewable energy capacity to the gigawatt level. At present, the company has an installed solar capacity of 76 MW and aims to reach 25,000 solar-powered sites by 2025. Additionally, eleven of its warehouses are fully powered by solar energy.

Renewable energy integration and the adoption of energy storage solutions have significantly reduced diesel consumption. In a similar move last year, Indus Towers committed to procuring 130 MW of solar energy from JSW Green Energy Eight, acquiring a 26 per cent stake with an investment of approximately Rs 380.3 million. In March 2024, the company also partnered with NTPC Green Energy to develop grid-connected renewable energy projects, including solar, wind, and energy storage solutions.

News source: Mercom India

Indus Towers, a Gurugram-based mobile tower installation company, is set to source 50 MW of renewable energy from Amplus Tungabhadra, a special purpose vehicle of Amplus Energy, through captive mode. To facilitate this, the company will invest Rs 270 million for a 26 per cent stake in Amplus Tungabhadra on a fully diluted basis. Amplus Tungabhadra will establish a 50 MW solar captive power project exclusively for Indus Towers, with completion expected by February 2026. As part of its renewable energy strategy, Indus Towers has already integrated solar systems at 15,535 sites and operates 276 locations powered by solar and wind microgrids. The company currently manages 229,659 towers and 379,236 co-locations. In Karnataka, Indus Towers has entered into a power purchase agreement and a shareholder’s agreement for an additional 8.3 MW with Amplus. The company is actively expanding its renewable energy portfolio under green energy open access, targeting a capacity of up to 3.5 GW. Its long-term goal is to achieve net-zero emissions by 2050, with plans to scale its renewable energy capacity to the gigawatt level. At present, the company has an installed solar capacity of 76 MW and aims to reach 25,000 solar-powered sites by 2025. Additionally, eleven of its warehouses are fully powered by solar energy. Renewable energy integration and the adoption of energy storage solutions have significantly reduced diesel consumption. In a similar move last year, Indus Towers committed to procuring 130 MW of solar energy from JSW Green Energy Eight, acquiring a 26 per cent stake with an investment of approximately Rs 380.3 million. In March 2024, the company also partnered with NTPC Green Energy to develop grid-connected renewable energy projects, including solar, wind, and energy storage solutions. News source: Mercom India

Next Story
Infrastructure Energy

Samridh, CEID Launch High-Capacity Biogas Plant in Moradabad

Samridh Bioenergy has broken ground on a 12 TPD compressed biogas (CBG) plant in Moradabad, Uttar Pradesh, under the MNRE’s National Bioenergy Programme. Spread across 12 acres, the plant will process 270 tonne of organic waste daily and generate 30,000 cubic metre of biogas per day.CEID Consultants and Engineering Pvt Ltd has been appointed as the EPC contractor, responsible for the complete design, procurement, and construction of the plant. Equipped with four multi-feed digesters, the facility will accept a mix of press mud, cow dung, chicken litter, and vegetable waste, supporting contin..

Next Story
Real Estate

Delhi Micro-Markets Drive Up Housing Prices: Grihum Study

A new study by Grihum Housing Finance reveals that the rise of micro-markets across Delhi-NCR is fuelling real estate price appreciation, especially in the affordable housing segment. Key drivers include renewed post-pandemic interest, migration trends, and government schemes like PMAY.According to the study, over the past two decades, floor rates have risen 267 per cent, from Rs 1,500 per sq ft in 2005 to Rs 5,500 in 2024. In the same period, land rates surged 492 per cent, from Rs 1,300 to Rs 7,700 per sq ft. The sharp increase highlights strong capital appreciation in Delhi’s emerging loc..

Next Story
Resources

Covestro Develops PCR Polycarbonates from End-of-Life Headlamps

Materials manufacturer Covestro has launched post-consumer recycled (PCR) polycarbonates made from end-of-life automotive headlamps, in a move aimed at strengthening circularity in the auto industry. These TÜV Rheinland-certified grades, containing 50 per cent recycled content, are now commercially available for new automotive applications.Developed under a joint programme led by GIZ, with Volkswagen and NIO as key partners, the recycled material is currently being validated for use in future vehicle models.""This new line of polycarbonate represents a significant step in supporting the autom..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?