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Vedanta Ltd will keep coal as the main energy source for its mining operations, accounting for nearly 70% of its energy mix, while gradually boosting renewables such as solar and wind to reduce coal dependence to around 50-60% over the next three to four years. The company is also exploring hybrid power solutions for overseas operations, including a 300-megawatt coal-renewable project in Zambia to support mining expansion. Copper production at its Zambian unit has returned to levels last seen in 2018, with plans to increase output over the next three years.
Vedanta Ltd, the Indian mining and metals conglomerate, will continue to rely on coal as the base source of energy for its operations in India. Coal currently makes up nearly 70% of the company's energy mix. While maintaining coal as its main power source, the company is aiming to gradually increase the contribution of renewable energy, including solar, wind, and hybrid models, to reduce coal dependence to about 50-60% within the next three to four years. Advertisement
The announcement was made by Deshnee Naidoo, chief executive officer of Vedanta Resources, during the FT Live Energy Transition Summit India. She indicated that the company views coal as a consistent baseload contributor while pursuing decarbonisation goals and exploring energy transition opportunities across its international operations.
In Zambia, where Vedanta faces significant power shortages of up to 20 hours daily, the company plans to establish a 300-megawatt power facility equally split between coal and renewable sources. This facility is intended to support the expansion of Vedanta's mining operations in the region.
Vedanta's copper unit in Zambia has restored production to approximately 180,000-200,000 metric tons, levels last seen in 2018. The company is targeting an increase to 300,000 metric tons over the next three years, although no timeline has been provided for listing the unit.
In India, Vedanta has no immediate plans to explore lithium mining, noting that the country has yet to demonstrate substantial exploration potential in this sector.
The company's strategy reflects a dual approach: maintaining reliable coal-based energy while gradually increasing renewable integration to meet long-term sustainability and decarbonisation objectives.
Source - Reuters
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