Indus Towers to Procure 50 MW Renewable Energy from Amplus
05 Feb 2025
2 Min Read
CW Team
Indus Towers, a Gurugram-based mobile tower installation company, is set to source 50 MW of renewable energy from Amplus Tungabhadra, a special purpose vehicle of Amplus Energy, through captive mode. To facilitate this, the company will invest Rs 270 million for a 26 per cent stake in Amplus Tungabhadra on a fully diluted basis.
Amplus Tungabhadra will establish a 50 MW solar captive power project exclusively for Indus Towers, with completion expected by February 2026. As part of its renewable energy strategy, Indus Towers has already integrated solar systems at 15,535 sites and operates 276 locations powered by solar and wind microgrids. The company currently manages 229,659 towers and 379,236 co-locations.
In Karnataka, Indus Towers has entered into a power purchase agreement and a shareholder鈥檚 agreement for an additional 8.3 MW with Amplus. The company is actively expanding its renewable energy portfolio under green energy open access, targeting a capacity of up to 3.5 GW. Its long-term goal is to achieve net-zero emissions by 2050, with plans to scale its renewable energy capacity to the gigawatt level. At present, the company has an installed solar capacity of 76 MW and aims to reach 25,000 solar-powered sites by 2025. Additionally, eleven of its warehouses are fully powered by solar energy.
Renewable energy integration and the adoption of energy storage solutions have significantly reduced diesel consumption. In a similar move last year, Indus Towers committed to procuring 130 MW of solar energy from JSW Green Energy Eight, acquiring a 26 per cent stake with an investment of approximately Rs 380.3 million. In March 2024, the company also partnered with NTPC Green Energy to develop grid-connected renewable energy projects, including solar, wind, and energy storage solutions.
News source: Mercom India
Indus Towers, a Gurugram-based mobile tower installation company, is set to source 50 MW of renewable energy from Amplus Tungabhadra, a special purpose vehicle of Amplus Energy, through captive mode. To facilitate this, the company will invest Rs 270 million for a 26 per cent stake in Amplus Tungabhadra on a fully diluted basis.
Amplus Tungabhadra will establish a 50 MW solar captive power project exclusively for Indus Towers, with completion expected by February 2026. As part of its renewable energy strategy, Indus Towers has already integrated solar systems at 15,535 sites and operates 276 locations powered by solar and wind microgrids. The company currently manages 229,659 towers and 379,236 co-locations.
In Karnataka, Indus Towers has entered into a power purchase agreement and a shareholder鈥檚 agreement for an additional 8.3 MW with Amplus. The company is actively expanding its renewable energy portfolio under green energy open access, targeting a capacity of up to 3.5 GW. Its long-term goal is to achieve net-zero emissions by 2050, with plans to scale its renewable energy capacity to the gigawatt level. At present, the company has an installed solar capacity of 76 MW and aims to reach 25,000 solar-powered sites by 2025. Additionally, eleven of its warehouses are fully powered by solar energy.
Renewable energy integration and the adoption of energy storage solutions have significantly reduced diesel consumption. In a similar move last year, Indus Towers committed to procuring 130 MW of solar energy from JSW Green Energy Eight, acquiring a 26 per cent stake with an investment of approximately Rs 380.3 million. In March 2024, the company also partnered with NTPC Green Energy to develop grid-connected renewable energy projects, including solar, wind, and energy storage solutions.
News source: Mercom India
Next Story
Delhi鈥揗eerut Rapid Rail To Be Fully Operational By July
Commuters between Delhi and Meerut are set to benefit from a major leap in urban transport, as the 82-kilometre Delhi-Ghaziabad-Meerut Rapid Rail Transit System (RRTS) is likely to become fully operational by late June or early July, according to officials from the National Capital Region Transport Corporation (NCRTC).The RRTS corridor, which has already seen 55 kilometres of its length鈥攕tretching from New Ashok Nagar to Meerut South鈥攐pen to the public, will soon be complete with final trial runs nearing conclusion. Pending a crucial inspection by the Commissioner of Metro Rail Safety (CMR..
Next Story
NDMC Approves Key Projects to Advance Smart City Goals
In a decisive step towards sustainability and improved civic services, the New Delhi Municipal Council (NDMC) has approved a series of high-impact initiatives focused on renewable energy, utility upgrades, sanitation, flood prevention, and cultural development.At its latest council meeting, NDMC sanctioned the procurement of 120 MW of renewable energy from NHPC Ltd at Rs 4.62 per unit for a 25-year period, aligning with its transition to green energy and targeting peak electricity demands.To strengthen smart infrastructure, the council approved projects exceeding Rs 400 million (approx. USD 48..
Next Story
NVIDIA Unveils AI Blueprint to Aid Indian Smart Cities
As India undergoes unprecedented urban expansion, global technology leader NVIDIA has launched its Omniverse Blueprint for Smart City AI, a comprehensive model designed to support future-ready Indian cities. The initiative merges four of NVIDIA鈥檚 cutting-edge platforms鈥擮mniverse, Cosmos, NeMo, and Metropolis鈥攊nto a unified system that enables governments and developers to simulate, plan, and optimise urban services using AI-powered digital twins.With India projected to add over 400 million urban residents by 2050, the need for smart, data-driven infrastructure is increasingly urgent. NVI..
