Economic Undertakings

Vedanta, Energy News, ET EnergyWorld


New Delhi: Vedanta, a global natural resources company, said on Friday it supports the Zambian government in its green energy transition goals.

The company is encouraged by the measures already taken by the government, including the appointment of the Minister of Green Economy and Environment, and is aligned with the other initiatives that have been presented, she said in a statement.

Demand for electricity in the country has increased in recent years, but generation capacity remains stagnant.

This causes instability in more rural populations, including the local communities around the Konkola Copper Mines (KCM).

Vedanta is committed to helping the government in its vision, notably by supporting new industrial initiatives and ensuring the energy security of KCM and its surrounding population.

While Vedanta was the operator of KCM, one of its main undertakings was to replace the old smelter with one that is significantly cleaner and more efficient. The current foundry is the cleanest in the country, he added.

Vedanta will work with the government to use green energy for KCM, ensuring that it works and that we operate the operation in a sustainable manner, benefiting both the environment and the stability of local communities.

In its broader operations, Vedanta plans to be an ESG leader in the global natural resources sector, having already committed $ 5 billion over the next 10 years to accelerate the transition to net zero, he said.

“We are delighted to see the positive progress the Zambian government has made so far in its goal of improving the country’s electrical capacity through the use of green energy.

“Vedanta looks forward to working closely with the new Minister of Green Economy and Environment to advance this initiative and make Zambia a more sustainable source of energy, encompassing its already present capabilities in hydropower, ”said Sunil Duggal, group CEO and head of security. Officer, Vedanta.