Rs 425 crore worth solar power projects by HZL next year

Hindustan Zinc Limited, a Vedanta Group firm, has said its 15 MW solar projects in Rajasthan will get commissioned this month. A top official of the company said they are also planning to invest Rs 425 crore for 85 MW power plants by next year.

In an interview to PTI, HZL chief executive officer Sunil Duggal said, “We are in the process of putting up 15 MW (rooftop solar power plants) which will get commissioned before March 31. We would be using 15 MW for captive use.”

The company has already invested 75 crore in 15 MW solar power projects. It is now planning to pump in Rs 425 crore for 85 MW power plants.

According to Duggal, “it is not possible for me to give you exact timeline at this point of time. We will put up (85 MW solar plants). We will put in next one year.”

“The company is yet to zero-in on the locations where the 85 MW power plants would be set up. I am of view that the projects should be either set up at its own location or in the vicinity, so that HZL can utilise the power generated from the plants for its own consumption,” he added.

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Research Desk

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