+
Hindustan Zinc would purchase up to 200 MW of renewable energy
POWER & RENEWABLE ENERGY

Hindustan Zinc would purchase up to 200 MW of renewable energy

Hindustan Zinc has signed a long-term renewable power delivery deal with a capacity of 200 MW and purchased a 26% stake in Serentica Renewables India 4, a special purpose entity, for Rs 3.5 billion.

The SPV was established by Sterlite Electricity Transmission to carry out renewable energy projects in order to meet Hindustan Zinc's long-term power needs.

The remainder of the shares in the SPV will be held by affiliated businesses of Hindustan Zinc. The project will be financed at a debt-to-equity ratio of 70:30.

According to the investment agreement, the equity investment will be equal. The agreed-upon pricing has been independently benchmarked by a third party using a cost-plus methodology recommended by the Central Electricity Regulatory Commission and the current market tariff for renewable energy.

Also read:
NHPC inks MoU with PTC India for sale of power
CEB invites bids for ground-mounted, floating solar projects


Hindustan Zinc has signed a long-term renewable power delivery deal with a capacity of 200 MW and purchased a 26% stake in Serentica Renewables India 4, a special purpose entity, for Rs 3.5 billion. The SPV was established by Sterlite Electricity Transmission to carry out renewable energy projects in order to meet Hindustan Zinc's long-term power needs. The remainder of the shares in the SPV will be held by affiliated businesses of Hindustan Zinc. The project will be financed at a debt-to-equity ratio of 70:30. According to the investment agreement, the equity investment will be equal. The agreed-upon pricing has been independently benchmarked by a third party using a cost-plus methodology recommended by the Central Electricity Regulatory Commission and the current market tariff for renewable energy. Also read: NHPC inks MoU with PTC India for sale of power CEB invites bids for ground-mounted, floating solar projects

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?