Introduction
In a significant leap towards sustainability, Vedanta Group subsidiary Hindustan Zinc Limited signed a Power Delivery Agreement (PDA) with Serentica Renewables to avail up to 530 MW green power. The agreement is a significant milestone in Hindustan Zinc’s journey to minimize its carbon footprint and enhance reliance on green power.
Key Features of the Agreement
- Renewable Energy Capacity Expansion: The new PDA expands Hindustan Zinc’s renewable energy capacity to 530 MW from 450 MW.
- Over 70% Green Energy Contribution: With this agreement, more than 70% of Hindustan Zinc’s total power requirements will be fulfilled by green sources.
- First-of-Its-Kind Round-the-Clock Renewables PDA: This provides a minimum 315 MW round-the-clock uninterrupted power supply in every 15-minute block.
Impact on Hindustan Zinc’s Sustainability Objectives
- Reduced Carbon Footprint: With the shift to green energy, the company will significantly reduce dependence on fossil fuels, aligning with global sustainability targets.
- Reliable Power Supply: The round-the-clock renewable power agreement ensures a stable and uninterrupted energy supply, crucial for industrial operations.
- Enhanced ESG Pledge: This transaction makes Hindustan Zinc a market leader in Environmental, Social, and Governance (ESG) initiatives.
Hindustan Zinc Limited
Hindustan Zinc, a subsidiary of Vedanta Ltd, is India’s largest and one of the world’s leading integrated zinc-lead-silver producers. Hindustan Zinc is actively adopting green technologies to meet its sustainability targets.
Regarding Serentica Renewables
Serentica Renewables is a leading player in the domain of renewable energy, offering solar and wind energy solutions to industries that want to transition to cleaner sources.
Conclusion
This partnership with Serentica Renewables is a milestone in Hindustan Zinc’s journey to becoming carbon-neutral. By accelerating the adoption of renewable energy, the company is setting an industry benchmark in sustainable industrial practices in the nation.
FAQs
- Why is Hindustan Zinc’s deal with Serentica Renewables significant?
It increases the firm’s green energy capacity to 530 MW, reducing dependence on fossil fuels and enhancing sustainability. - What portion of Hindustan Zinc’s energy needs will be met by green sources?
Over 70% of all its power requirements will be served by green energy. - What makes this PDA special?
It is a first-ever round-the-clock renewable energy contract, providing a minimum 315 MW continuous supply in every 15-minute block. - How does the deal contribute to Hindustan Zinc’s sustainability goals?
It is consistent with the company’s ambitions to become carbon-neutral and reinforces its ESG commitments. - Who is Serentica Renewables?
Serentica Renewables is a clean energy company that provides solar and wind energy solutions to industries looking to shift to cleaner sources. - What is the benefit to Hindustan Zinc from this alliance?
It gives them a constant, uninterrupted, and sustainable source of power, which is critical to industrial operations. - How will this deal influence the renewable energy sector in India?
It is a motivation to other industry stakeholders to adopt the use of renewable energies, enhancing the clean energy revolution in India. - Will Hindustan Zinc use more renewable energy?
The company is working towards diversifying the green energy basket as part of its long-term vision towards sustainability. - What industries stand to benefit from these green power transactions?
Heavy industry, manufacturing plants, and mining companies can benefit hugely from round-the-clock green electricity solutions. - Where can I find more about Hindustan Zinc’s sustainability initiatives?
Monitor Hindustan Zinc’s corporate website, stock exchange reports, and news releases for the most current developments.
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