Sterlite Copper to source 16 MW hybrid renewable power from Serentica Renewables
Sterlite Copper, a subsidiary of Vedanta, has signed a 25-year power delivery agreement (PDA) with Serentica Renewables India Pvt (SRIPL) to source 16 MW of hybrid renewable power for its Silvassa-based copper operations.
The hybrid energy project will be constructed on a captive model and will operate on a build-own-operate basis. It is financed on a 70:30 debt-to-equity basis, with Sterlite Copper holding a 26% equity share in the special purpose vehicle (SPV).
