Ahmedabad, 5 November (IANS). While giving information on Wednesday, RSWM, one of India’s leading textile manufacturers, said that the company has partnered with Adani Energy Solution Limited (AESL) to get 60 MW renewable energy supply.
Under this agreement, AESL will manage the entire green power value chain for the additional power needs of RSWM, the flagship company of LNJ Bhilwara Group.
RSWM, in collaboration with Renewable Green Generation Company, has invested Rs 60 crore under the Group Captive Scheme, with which 31.53 crore units of green power can be supplied every year to the company’s manufacturing units located in Rajasthan.
With this addition, the contribution of renewable energy to RSWM’s total energy needs will increase from 33 per cent at present to 70 per cent in the future, accounting for two-thirds of its total energy mix.
Riju Jhunjhunwala, Chairman, Managing Director and CEO, RSWM, said, “This success reflects our long-term vision of growth with sustainability and also reinforces our identity as a visionary industrial leader.”
He further added, “With 70 per cent of our energy needs coming from renewable sources, India’s clean energy mix is higher than the national average of 31 per cent, with RSWM continuing to set the industry benchmark in responsible energy transition.”
Kandarp Patel, CEO, Adani Energy Solutions Limited, said, “We are extremely pleased with this partnership with RSWM. This partnership reflects the importance of sustainability for businesses.”
Patel further added, “As a leading energy solutions provider to the commercial and industrial sector, we are proud to play a catalytic role in helping industries decarbonize through our innovative offerings.”
AESL’s Commercial and Industrial verticals serve bulk electricity users with customized energy solutions. With reliable, competitively priced and increasingly green power, AESL helps businesses meet operational and sustainability needs across sectors. The company has set a target of C&I portfolio of 7000 MW in the next five years.
Rajeev Gupta, Joint Managing Director, RSWM Limited, said, “This partnership marks a milestone in our sustainability journey with an equity investment of Rs 60 crore. It reinforces our commitment to align our best practices with global clean energy benchmarks.”
He further said that by integrating hybrid power, RSWM is not only reducing its carbon footprint but also increasing long-term energy security and operational efficiency.
AESL is the country’s largest private transmission company with a presence in 16 states of the country with a large transmission network of 26,705 CKM and 97,236 MVA transformation capacity.
–IANS
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