Hindalco Industries is reportedly planning to set up a 24 Mw solar power plant within the premises of its aluminium plant at Lapanga in Sambalpur district. The company will invest Rs 150 crore in the project to be spread over 120 acres of land available with the company.
The power produced is likely to utilized by the company as renewable purchase obligation (RPO). The company has applied to the investment promotion agency- Industrial Promotion & Investment Corporation of Odisha (Ipicol) for approving the project. Ipicol has sought the clearance of the project from Green Energy Development Corporation of Odisha (Gedcol), the nodal agency for implementation of renewable energy in the state.
Hindalco Industries is an industry leader in aluminium and copper. The company’s aluminium units across the country encompass the entire gamut of operations from bauxite mining, alumina refining, aluminium smelting to downstream rolling, extrusions, foils and alloy wheels, along with captive power plants and coal mines.