Adani Energy Solutions to Supply 60 MW Green Energy to RSWM
Filing Summary
Adani Energy Solutions Ltd (AESL) has entered into an agreement with RSWM Ltd to supply 60 MW of renewable energy. RSWM will invest ₹60 crore under the Group Captive Scheme to receive 31.53 crore units of green power annually. This initiative will increase RSWM’s renewable energy usage from 33% to 70% of its total energy needs. The collaboration highlights AESL’s role in providing customized energy solutions for the commercial and industrial sector. The agreement marks a significant step in RSWM’s sustainability efforts.
Adani Energy Solutions Ltd (AESL) has signed an agreement with RSWM Ltd to supply 60 MW of renewable energy. This collaboration is aimed at enhancing RSWM’s sustainability initiatives by significantly increasing its renewable energy consumption. The agreement involves AESL managing the entire green power value chain for RSWM’s additional power requirements.
Under the financial terms of the agreement, RSWM will invest ₹60 crore under the Group Captive Scheme. This investment will facilitate the supply of 31.53 crore units of green power annually to RSWM’s manufacturing facilities located in Rajasthan. The initiative will elevate the contribution of renewable energy in RSWM’s total energy requirement from the current 33% to 70%.
The operational scope of this agreement includes AESL supplying green energy to multiple plant locations of RSWM. The project is designed to provide a substantial portion of RSWM’s energy needs through renewable sources. AESL will oversee the entire process, ensuring a reliable supply of green energy to meet RSWM’s operational requirements.
RSWM Ltd, a leading textile manufacturer and part of the LNJ Bhilwara Group, is focused on embedding sustainability into its operations. The company aims to align its growth with sustainable practices by increasing its reliance on renewable energy. This agreement with AESL is a strategic move to enhance its energy mix and reduce its carbon footprint.
The timeline for the implementation of this agreement has not been explicitly stated in the filing. However, the agreement marks a significant milestone in RSWM’s journey towards sustainability. The collaboration involves AESL’s expertise in providing energy solutions to the commercial and industrial sector, highlighting its role in facilitating the transition to renewable energy.
RSWM Ltd is a prominent textile manufacturer in India, known for producing and exporting synthetic, cotton, and blended yarns. The company is committed to sustainability, focusing on renewable energy, circular material flows, and responsible water use to contribute to a regenerative economy.
Adani Energy Solutions Ltd is a multidimensional organization within the Adani portfolio, involved in power transmission, distribution, and smart metering. AESL is the largest private transmission company in India, serving over 12 million consumers. The company is expanding its distribution network and smart metering business, aiming to revolutionize energy delivery with a focus on sustainability.