Jindal Steel and Power signs an MoU with Greenko for 1,000 MW of green power

Jindal Steel and Power Limited (JSP) has signed a memorandum of understanding (MoU) with Greenko group for supplying 1,000 MW of power from green sources.

Greenko will supply clean power for JSP’s steel manufacturing operations at Angul, Odisha, mainly to meet the plant’s existing and incremental power demand. JSP’s move will ensure reduction of approximately 7 million tonnes of CO2 annually. Greenko will assist JSP in the design of the comprehensive energy solution including the design and development of the associated renewable energy capacity, and the identification of potential strategic investors for the capacity. Greenko Group will also offer energy storage capacity from its off stream closed-loop pumped storage project which is under development in Madhya Pradesh and Rajasthan.