Vedanta to source 580 MW green energy for India operations

Mining giant Vedanta Limited on Thursday said its board has approved a proposal to source 580 MW of green energy for its operations across India.

The company said a power delivery agreement has been signed with the Sterlite Power Technologies Private Ltd, a special purpose vehicle for supply of solar and wind-based energy.

“The board has approved plans for the group to source 580 MW of renewable energy for its operations across India. The company has signed a PDA (Power Delivery Agreement) with Sterlite Power Technologies Pvt Ltd,” Vedanta said in a regulatory filing.

The miner said it aims to partially replace its existing captive thermal power capacities with renewable energy for smelting and associated operations,