Hindustan Zinc to invest Rs 350 crore to develop 200 MW renewable capacity
Mining firm Hindustan Zinc Limited (HZL) on Thursday said it will invest Rs 350 crore to develop up to 200 megawatt (MW) renewable energy capacity through a special purpose vehicle.
The project will be built under group captive norms on Build-Own-Operate (BOO) basis through a special purpose vehicle (SPV), HZL said in a statement.
HZL will own 26 per cent equity in the SPV with contributions of up to Rs 350 crore, it said.
“We have set an ambitious target for a 40 per cent reduction in carbon footprint by 2030 and achieving carbon neutrality by 2050 by transitioning towards renewable energy. Towards this goal,
