Vedanta Aluminium Approves 150 MW BESS Integration for RTC Power

Vedanta Aluminium Metal Limited (VAML) Board has approved the integration of a 150 MW Battery Energy Storage System (BESS) with its existing 600 MW solar power agreement to enable Round-The-Clock (RTC) renewable power supply. VAML will invest INR 165 Crore for a 26% stake in the Special Purpose Vehicle (SPV) with Serentica Renewable India 9 Private Limited (SRI9PL). The project, developed on a BOOM basis, aims to enhance renewable energy transition and decarbonization. The SPV will be funded 70:30 debt-to-equity and is expected to deliver power within 12 months of PDA signing, with a 25-year power supply agreement.