Jindal Steel and OQ Alternative Energy team up on Integrated Energy Valley

Jindal Steel and OQ Alternative Energy team up on Integrated Energy Valley

Vulcan Green Energy and OQ Alternative energy recently signed an agreement to establish a joint clean energy venture that will provide round the clock clean energy.

The project, known as the Integrated Energy Valley (IEV), aims to combine solar, wind and energy storage to provide 24/7 clean electricity.

Vice Chairman of Vulcan Green Steel — a Jindal Steel subsidiary, Venkatesh Jindal, made the announcement during the recent Vulcan Green Steel plant groundbreaking event, “We have recently launched a green energy venture in Oman Vulcan Green Energy, which is setting up the first of its kind integrated Energy Valley or IEV in partnership with OQAE. The IEV is a pathbreaking project that is combining solar, wind, and energy storage to provide round the clock 24/7 green electricity for the first time in Oman to power large energy intensive industries such as steel and aluminium.”

He noted that the project has the potential to fulfil Oman’s plans for economic diversification. “The IEV project aligns seamlessly with Oman's Vision 2040 to reduce the nation's dependence on fossil fuel based electricity and boosting economic diversification away from oil and gas. I'm confident that the IEV will also help boost investment and job creation in the Sultanate, as