Monday, June 28, 2021

ReNew Power Spends Rs 1.1 Crore Towards Covid Relief In Karnataka

* 50 Oxygen Concentrators handed over to Karnataka State Medical Supplies Corporation Limited

ReNew Power Private Limited (“ReNew Power” or the “Company”), India’s leading renewable energy company today announced that it has undertaken relief work worth approximate Rs 1.1 Crore towards COVID relief in Karnataka. Representatives from ReNew Power met the Hon’ble CM, Mr. BS Yadiyurappa and briefed him about the various activities undertaken by the company in partnership with various state agencies for COVID relief. 

As part of its efforts to work with communities in the state, ReNew Power is donating 50 Oxygen Concentrators of 10 Litre capacity and PPE kits to the Karnataka State Medical Supplies Corporation Limited (KSMCL) for deployment in rural districts of the state immediately. The company will also donate 1 lac PPE kits for supporting the rural healthcare initiatives of the state.  

The company will also provision for 10 beds in Bidar and Gadag districts each, and assist the district hospitals at Davangere, Dharwad, Raichur and Yadgir with fully equipped ambulance besides supporting rural hospitals in Belgavi, Dharwad, Ballari, Tumkur, Gadag and Bagalkot with PPE Kits and sanitisers

Speaking about the Initiative, Ms Vaishali Nigam Sinha, Chief Sustainability Officer, ReNew Power and Chair, ReNew Foundation said, “ReNew Power is committed to extending its support across the country to fight the pandemic. We are delighted to be a part of state governments efforts to augment and strengthen the healthcare infrastructure in the state and will continue to extend all necessary support to the state administration.”

As an employee centric organisation, ReNew Power has also taken several proactive measures to preserve the well-being of its employees. It is getting employees, their families and support staff vaccinated. ReNew Power’s CMD, Mr Sumant Sinha recently announced that the company will provide 100% salary for the first three months and 50% of salary for the next two years, to the spouse or parents, of an employee who loses his life due to COVID. It is also reimbursing children’s scholarship for education-tuition fee and providing education assistance to the spouse of the deceased.

About ReNew Power:  ReNew Power is India’s leading renewable energy independent power producer by capacity and is the 13th largest global renewable IPP by operational capacity. ReNew develops, builds, owns, and operates utility-scale wind energy projects, utility-scale solar energy projects, utility-scale firm power projects and distributed solar energy projects. As of March 31, 2021, ReNew Power had a total capacity of close to 10 GW of wind and solar energy projects across India, including commissioned and committed projects. ReNew has a strong track record of organic and inorganic growth. ReNew’s current group of stockholders contain several marquee investors including Goldman Sachs, CPP Investments, Abu Dhabi Investment Authority, GEF SACEF and JERA.

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