Hindustan Zinc, India’s largest and the world’s second largest integrated zinc producer, has announced the signing of a power delivery agreement (PDA) with Serentica Renewables, a renewable energy producer in India. The latest power delivery agreement augments Hindustan Zinc’s round-the-clock renewable energy up to 530 MW from previously signed PDA of 450 MW, increasing the overall renewable energy contribution to over 70% of its total power requirement.
“This is a first-of-its-kind round-the-clock renewables PDA that guarantees a minimum of 315 MW uninterrupted power supply through every 15-minute time block,” stated Hindustan Zinc.
To ensure the power supply, Serentica will build new solar, wind and energy storage on multiple sites across the country and integrate several existing renewables projects.
Developed under a captive structure, the project will be strategically spread across high-resource locations in India and is set to be fully operational by 2027.
Arun Misra, CEO, Hindustan Zinc, said, “This agreement marks a significant step in our climate action strategy. By securing 70% of our power from renewables we are targeting nearly 70% reduction in carbon emissions setting sights on our goal of achieving net zero by 2050 or sooner.”
Akshay Hiranandani, CEO of Serentica Renewables, added, “This agreement is a breakthrough in providing uninterrupted, firm renewable energy to one of India’s largest industrial players. By guaranteeing 315 MW in every 15-minute time block, we’re solving the intermittency challenge and ensuring that Hindustan Zinc has a stable, reliable power supply for its operations.”
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