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, and meet power requirements of capacity expansion at Vedanta Aluminium Limited, Balco in Odisha and Hindustan Zinc in Rajasthan.