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Private Sector | Rajasthan - India | PID: 203394
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Hindustan Zinc, an integrated zinc producer owned by the Vedanta Group, commenced the first phase of renewable energy integration from Serentica Renewables, the C&I-focused renewable energy firm in India. Renewable energy is being utilized for Hindustan Zinc’s operational business units in Rajasthan. This initiative aims to support the company in decarbonizing its operations.
Hindustan Zinc has entered into Power Delivery Agreements (PDAs) with Serentica for the supply of 450 MW of round-the-clock (RE-RTC) power, ensuring operational reliability and sustainability across its key business units. As part of the pioneering agreement between both parties, Serentica has started supplying renewable energy Hindustan Zinc from its 180 MW solar project. This is a first-of-its-kind initiative within the Vedanta group. By integrating renewable power from Serentica, Hindustan Zinc is among the few zinc producers in the world to move towards green energy. While Hindustan Zinc has an existing captive solar power capacity of 40.70 MW of solar power and depends on conventional fuel sources for the rest of its power requirement, this renewable power from Serentica will increase the quantum of renewables in the company’s overall energy mix. This marks a significant milestone in its ongoing commitment to sustainability and clean energy integration. This initiative aims to annually reduce approximately 0.45 million tons of CO2 emissions.
Serentica’s Bikaner power park is an integral part of its Round-The-Clock strategy, involving multi-location solar and wind energy installations. Spanning over 1,200 acres, this 180 MW solar park, will ensure a consistent and reliable green power supply to Hindustan Zinc’s operations.
Arun Misra, CEO of Hindustan Zinc, commented, “At Hindustan Zinc, sustainability is the guiding principle shaping every business decision. We remain proactive in investing in our climate action initiatives, progressing on our journey to net zero by 2050 or sooner. This project will not only reduce our dependency on conventional fuels and minimize our total environmental footprint but also aid our transformation towards decarbonizing our operations, paving the way for a fully sustainable future.”
Commenting on the project milestone, Akshay Hiranandani, CEO of Serentica Renewables, said, “The successful and ahead-of-schedule commissioning of Phase 1 (solar) in Bikaner exemplifies Serentica’s commitment to accelerating India’s clean energy transformation. This project represents a significant leap forward in delivering large-scale renewable energy solutions for decarbonizing industries at scale. We look forward to completing the wind park and showcasing the full potential of our groundbreaking multi-location hybrid model.”
| Updated on: 14 - Sep - 2024
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