Hindustan Zinc plans to raise RE contribution to over 70% of total power needs by 2027
Hindustan Zinc Ltd aims to increase its renewable energy use to over 70% of its total power needs by 2027. The company plans to expand its renewable power agreements to 530 MW, boosting its access to continuous green energy. This initiative is exp...
The agenda is being supported by augmenting its renewable power delivery agreement from 450 MW to 530 MW, thereby increasing the company's capacity to source round-the-clock renewable energy.
"It is hoped that the addition of this new capacity will have a strong place in the reduction of carbon emissions," the company said in a statement.
Hindustan Zinc has achieved energy savings of over 0.8 million Gigajoules (GJ) in FY24, equivalent to powering approximately 70,000 households for a year, through various energy efficiency initiatives, it said.
"We are marching ahead on our ESG roadmap for development of renewable power supply up to 530 MW. This is in line with our mission to be net zero by 2050 or sooner," company Chairperson Priya Agarwal Hebbar said.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.