Hyderabad: Low-carbon energy provider CLP India has been rebranded as Apraava Energy. The company has set a target to double its existing energy portfolio in the next three to four years, contributing to the country’s 450GW renewable energy target by 2030.
Broadening its horizon to explore non-generation opportunities, Apraava Energy plans to further expand its power transmission business and pursue possibilities in electricity distribution. As the power sector gets privatised, the company will proactively focus on foraying into low-carbon customer-focused energy businesses.
Rajiv Ranjan Mishra, MD, Apraava Energy, said, Apraava Energy will support India’s ambitions of providing clean and sustainable energy to all in the development of a low-carbon nation. In the next five years, the company aims to be a leader in renewable power generation and achieve success in transmission and distribution businesses.
The name of Apraava Energy is inspired by the combination of four Sanskrit words – Agni (Fire), Prithvi (Earth), Ambu (Water) and Vayu (Wind), epitomising an entity that harnesses the power of multiple natural elements.
Apraava Energy is working on a measurable, science-based emissions reduction objective that will be validated by Science Based Targets initiative within the next 12 months. To date, the company has issued 13.14 million units of carbon offsets, which equates to avoidance of 13.14 million tonnes of carbon dioxide emission to the atmosphere.
The company has a 100 MW solar power project in Veltur in Mahbubnagar district of Telangana.
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