financetom
Business
financetom
/
Business
/
AEML to source 30% power from RE by 2023, customers can opt by paying more
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
AEML to source 30% power from RE by 2023, customers can opt by paying more
Apr 7, 2021 7:19 AM

Private sector discom Adani Electricity Mumbai on Wednesday announced that 30 percent of the energy it distributes in the financial capital will be sourced from renewable energy (RE) sources by 2023. Customers can opt for using the renewable power by paying 66 paise extra per unit of electricity, as per a regulatory order, and will be provided with a certificate stating the share of RE in the overall power consumed in a month, according to a statement said.

Customers who have signed up for sustainability goals that generally include a commitment to have a certain share of total energy consumption from RE will benefit from such a programme, which is voluntary in nature, it added. AEML will get 700 MW supply from hybrid solar and wind generation in Rajasthan by the end of the financial year 2022-23, the statement said.

The company is targeting to increase the share of RE to 50 per cent of the overall power distribute after 2023, it said, pointing out that an application to add another 1,000 MW of RE power is pending before the Maharashtra Electricity Regulatory Commission. ”As the company significantly scales up its renewable energy projects, AEML will empower its customers to choose the source of their energy, making green electrons accessible to everyone and enabling the green energy transition,” its chief executive and managing director Kandarp Patel said.

He also said that the company can guarantee a ”100 percent green energy supply” without any modifications or disruption, and it will create customised RE solutions for all customers. The company serves 30 lakh consumers spread across 400 sq kms in the financial capital, supplying 2,000 MW of power, as per the statement.

First Published:Apr 7, 2021 4:19 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US proposes new drone rules that could lead to Starbucks, Amazon deliveries
US proposes new drone rules that could lead to Starbucks, Amazon deliveries
Aug 5, 2025
(Reuters) -The U.S. Transportation Department is proposing new rules to speed deployment of drones beyond the visual line of sight of operators, a key change needed to advance commercial uses like package deliveries. We are going to unleash American drone dominance, Transportation Secretary Sean Duffy said at a press conference on Tuesday. Under current rules, operators need to get individual...
Graphite One's Graphite Creek Coordinated Project Plan Posted on the FAST-41 Federal Permitting Dashboard
Graphite One's Graphite Creek Coordinated Project Plan Posted on the FAST-41 Federal Permitting Dashboard
Aug 5, 2025
01:26 PM EDT, 08/05/2025 (MT Newswires) -- Graphite One ( GPHOF ) was last seen down 11% after the company on Tuesday said It Graphite Creek project completed the FAST-41 60-day Coordinated Project Plan process. Graphite One's ( GPHOF ) project is the first Alaskan mining project to be listed on the FAST-41 Dashboard. The process coordinates public and agency...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
US proposes new drone rules that could lead to Starbucks, Amazon deliveries
US proposes new drone rules that could lead to Starbucks, Amazon deliveries
Aug 5, 2025
Aug 5 (Reuters) - The U.S. Transportation Department is proposing new rules to speed deployment of drones beyond the visual line of sight of operators, a key change needed to advance commercial uses like package deliveries. We are going to unleash American drone dominance, Transportation Secretary Sean Duffy said at a press conference on Tuesday. Under current rules, operators need...
Copyright 2023-2026 - www.financetom.com All Rights Reserved