Hindustan Zinc to Increase RE Contribution to 70 Percent by 2026
Hindustan Zinc Ltd., a Vedanta Group company, plans to raise its renewable energy contribution to over 70 percent of total power needs by 2026, expanding its renewable power delivery agreement to 530 MW as part of its commitment to decarbonization and achieving net-zero emissions by 2050.
December 19, 2024. By Mrinmoy Dey
The company expanded its renewable power delivery agreement (PDA) to 530 MW from existing 450 MW, thereby increasing the company’s capacity to procure round the clock renewable power.
The company announced cumulative energy savings of over 0.8 million GJ in FY 24.
“Taking forward Hindustan Zinc’s vision of responsible and sustainable manufacturing, the company continues to invest in innovative energy-efficiency projects such as revamping of all the turbines in its captive power plants, improvement of cellhouse efficiency, installation of variable frequency drives across operations, switching from high-speed diesel to piped natural gas which has a lower carbon footprint, resulting in energy savings and reduced carbon emissions across its operations,” the informed in a statement.
Further, it added that the company is focusing on decarbonising its operations by increasing the quantum of renewable energy in its energy mix, enhancing operational efficiencies to reduce energy consumption and transitioning to cleaner fuels and electric vehicles.
It is a strategic imperative for the company to reduce dependence on conventional sources of energy thereby reducing carbon emissions across every process stage. As a result of this, Hindustan Zinc has reduced its GHG emissions intensity by 14 percent in FY24 over year 2020 baseline while increasing production volumes.
Commenting on the development, Priya Agarwal Hebbar, Chairperson, Hindustan Zinc Ltd, said, “For us at Hindustan Zinc, sustainable practices and good business sense are two sides of the same coin. I am elated that we are marching ahead in our ESG roadmap for development of renewable power supply up to 530 MW. This in line with our mission to be net zero by 2050 or sooner.”
She further added, “Our energy and climate action initiatives are centred on a two-pronged approach of mitigating and offsetting our carbon footprint. We are committed to adopting renewable energy sources, optimising resource use and investing in innovative technologies that align with global climate goals.”
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