The general settlement requires the acquisition of 580 MW of renewable vitality from the plant the place Sterlite Power Technologies Private Ltd (SPTPL) and its associates are setting up a 1,960 MW hybrid-based renewable vitality capability.







Wind Turbine in field
Wind Turbine in subject





Vedanta Limited introduced on Thursday that its board of administrators has permitted a proposal to supply 580 MW of inexperienced vitality for its operations throughout India. The firm introduced the signing of an influence supply settlement with Sterlite Power Technologies Private Ltd, a particular objective car for the availability of photo voltaic and wind-based vitality.












“The board of directors has approved plans for the group to source 580 MW of renewable energy for its operations in India,” Vedanta mentioned in a regulatory submitting that it had signed a PDA (Power Delivery Agreement) with Sterlite Power Technologies Pvt Ltd.

The miner acknowledged that it intends to partially substitute its present captive thermal energy capacities with renewable vitality for smelting and associated operations, in addition to meet the ability necessities of capability growth at Vedanta Aluminium Limited, Balco in Odisha, and Hindustan Zinc in Rajasthan.

The general settlement requires the acquisition of 580 MW of renewable vitality from the plant the place Sterlite Power Technologies Private Ltd (SPTPL) and its associates are setting up a 1,960 MW hybrid-based renewable vitality capability.












Once the ability is turned on, it has the potential to avoid wasting roughly 2.7 million tonnes of carbon dioxide.

“These projects will be built using a group captive model and the Build-Own-Operate (BOO) method. “The energy supply settlement shall be for a interval of 25 years from the date of undertaking commissioning,” Vedanta mentioned.

The undertaking shall be funded on a debt-to-equity ratio of 70:30, with Vedanta Ltd and its subsidiaries proudly owning 26% of the fairness within the respective SPVs for a complete funding of as much as Rs 850 crore.












“This agreement is a significant step forward in our journey to become the natural resources sector’s ESG (Environmental, Social, and Governance) leader. The project is on track to become one of India’s largest renewable energy hybrid projects. It demonstrates the group’s commitment to becoming one of the world’s greenest natural resource companies,” mentioned Sunil Duggal, Vedanta’s Chief Safety Officer and Group CEO.







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